PAA Price Prediction Next Week
Based on the provided data and current market conditions, here's the analysis for PAA's price movement in the next trading week:
Technical Analysis
The stock is showing bearish signals with RSI at 48.79, indicating neutral to slightly bearish momentum. The current price of $19.42 is below both the 20-day moving average of $20.04, suggesting a short-term downward trend.
Recent News Impact
- Q4 2024 earnings released on February 7 showed mixed results:
- Net income dropped to $36 million from $312 million year-over-year
- Adjusted EPS of $0.42 met analyst expectations
- Adjusted EBITDA came in at $729 million
Analyst Ratings Recent analyst actions show mixed sentiment:
- Raymond James: Strong Buy, PT $24 (Jan 28)
- Barclays: Underweight, PT $19 (Jan 16)
- Scotiabank: Sector Outperform, PT $23 (Jan 10)
- Wells Fargo: Downgraded to Equal-Weight, PT $20 (Dec 18)
Price Prediction for Next Week Based on technical indicators and recent news:
- Support level: $19.07
- Resistance level: $20.78
- Target price range: $19.00-$20.50
Trading Recommendation SELL with the following rationale:
- Recent earnings showed significant profit decline
- Technical indicators suggest bearish momentum
- Multiple analyst downgrades in recent months
- Stock trading below key moving averages
- Broader market showing signs of weakness with rising inflation concerns
Target entry: Current price ($19.42) Stop loss: $20.15 Price target: $18.42
PAA Similar Chart Price Prediction
The price of PAA is predicted to go up 6.3%, based on the high correlation periods with APD. The similarity of these two price pattern on the periods is 98.59%.
PAA
APD
Up: 6.3%Similarity: 98.59%
PAA Revenue Forecast
PAA EPS Forecast
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PAA VS S&P500
After several years of difficult decisions, Plains is finally in a position to return more capital to Plains unitholders.
The Oryx joint venture is expected to result in about $50 million-$100 million in capital and optimization synergies.
Plains has done well with buying back $300 million in stock since late 2020 at well below our fair value estimates.
PAA Analyst's Forecast
Theresa Chen
Barclays
Sell
2025-01-16
Price Target
$18 → $19
Downside
-5.75%
Barclays analyst Theresa Chen raised the firm's price target on Plains All American to $19 from $18 and keeps an Underweight rating on the shares. The firm says "persistent" growth in energy infrastructure demand will drive midstream sector performance. Following a series of recent well-received project announcements to support visible supply and demand growth, driven in part by rising power gen needs, the group's current momentum will persist into Q4 earnings and into 2025, the analyst tells investors in a research note.
Keith Stanley
Wolfe Research
Hold → Buy
2025-01-10
Price Target
n/a
Downside
0%
Holly Stewart
Scotiabank
Buy
2025-01-10
Price Target
$23
Upside
+21.82%
