Plains All American Pipeline LP (NASDAQ: PAA) has reported earnings for its third fiscal quarter (ending September 30) of $0.22 versus $0.20 for the same period a year ago — an increase of 10%. However, this performance was $-0.09 short of the consensus estimate of $0.31. E.P.S. were $1.12 for the latest four quarters through September 30 versus $1.34 for the same period a year ago — a decline of -16%.
Recent Price Action
Plains All American Pipeline LP (NASDAQ: PAA) stock declined by -2.8% on 11/8/24. The shares closed at $17.28. Moreover, this decline was accompanied by exceptionally high trading volume at 240% of normal. The stock has performed in line with the market over the last nine months and has risen 6.2% during the last week.
Current PriceTarget Research Rating
PAA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Plains All American Pipeline has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Plains All American Pipeline has a good Appreciation Score of 75 but a neutral Power Rating of 46, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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