PAA Stock Summary and Trading Ideas (Plains All American Pipeline LP - Common Units Representing Limited Partner Interests | NASDAQ:PAA)

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Plains All American Pipeline LP - Common Units Representing Limited Partner Interests trades on the NASDAQ stock market under the symbol PAA.

As of December 16, 2024, PAA stock price declined to $17.55 with 2,011,046 million shares trading.

PAA has a beta of 0.37, meaning it tends to be less sensitive to market movements. PAA has a correlation of 0.06 to the broad based SPY ETF.

PAA has a market cap of $12.35 billion. This is considered a Large Cap stock.

Last quarter Plains All American Pipeline LP - Common Units Representing Limited Partner Interests reported $13 billion in Revenue and $.37 earnings per share. This fell short of revenue expectation by $-347 million and exceeded earnings estimates by $.06.

In the last 3 years, PAA traded as high as $19.17 and as low as $8.64.

The top ETF exchange traded funds that PAA belongs to (by Net Assets): AMLP, MLPA, MLPX, AMZA, EIPI.

PAA has underperformed the market in the last year with a price return of +26.4% while the SPY ETF gained +30.5%. PAA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.9% and -6.0%, respectively, while the SPY returned +8.3% and +0.7%, respectively.

PAA support price is $17.60 and resistance is $18.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAA shares will trade within this expected range on the day.