Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Plains All American Pipeline, L.P. before investing.

In this article, we go over a few key elements for understanding Plains All American Pipeline, L.P.’s stock price such as:

• Plains All American Pipeline, L.P.’s current stock price and volume
• Why Plains All American Pipeline, L.P.’s stock price changed recently
• Upgrades and downgrades for PAA from analysts
• PAA’s stock price momentum as measured by its relative strength

About Plains All American Pipeline, L.P. (PAA)

Before we jump into Plains All American Pipeline, L.P.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Plains All American Pipeline, L.P. is a midstream service provider in North America. The Company owns a network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and natural gas liquids (NGL) producing basins (including the Permian Basin) and transportation corridors and at major market hubs in the United States and Canada. It has two segments: Crude Oil and Natural Gas Liquids (NGL). Its Crude Oil segment operations generally consist of gathering and transporting crude oil using pipelines, gathering systems, trucks and at times on barges or railcars, in addition to providing terminalling, storage and other facilities-related services utilizing its integrated assets across the United States and Canada. Its NGL segment operations involve natural gas processing and NGL fractionation, storage, transportation and terminalling. NGL segment is involved in gathering, fractionation, storage, and/or terminalling services to third-party customers.

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Plains All American Pipeline, L.P.’s Stock Price as of Market Close

As of September 26, 2024, 4:00 PM, CST, Plains All American Pipeline, L.P.’s stock price was $17.30.

Plains All American Pipeline, L.P. is down 4.05% from its previous closing price of $18.03.

During the last market session, Plains All American Pipeline, L.P.’s stock traded between $17.88 and $18.15. Currently, there are 701.00 million shares of Plains All American Pipeline, L.P. stock available for purchase.

Plains All American Pipeline, L.P.’s price-earnings (P/E) ratio is currently at 16.4, which is high compared to the Oil & Gas - Transportation Services industry median of 13.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Plains All American Pipeline, L.P. Stock Price History

Plains All American Pipeline, L.P.’s (PAA) price is currently down 3.57% so far this month.

During the month of September, Plains All American Pipeline, L.P.’s stock price has reached a high of $18.15 and a low of $16.96.

Over the last year, Plains All American Pipeline, L.P. has hit prices as high as $19.17 and as low as $14.25. Year to date, Plains All American Pipeline, L.P.’s stock is up 47.11%.

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What Caused Plains All American Pipeline, L.P. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 25, 2024, there were 3 analysts who downgraded Plains All American Pipeline, L.P.’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Plains All American Pipeline, L.P.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Plains All American Pipeline, L.P.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Plains All American Pipeline, L.P.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Plains All American Pipeline, L.P. (PAA) by visiting AAII Stock Evaluator.

Relative Price Strength of Plains All American Pipeline, L.P.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 25, 2024, Plains All American Pipeline, L.P. has a weighted four-quarter relative price strength of -2.81%, which translates to a Momentum Score of 53 and is considered to be Average.

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Plains All American Pipeline, L.P. Stock Price: Bottom Line

As of September 26, 2024, Plains All American Pipeline, L.P.’s stock price is $17.30, which is down 4.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Plains All American Pipeline, L.P. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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