Plains All American Pipelines (PAA) stock has risen 54% in the past year. By comparison, Magellan Midstream Partners (MMP), ONEOK (OKE), Enbridge Energy Partners (EEP), and Energy Transfer Partners (ETP) have risen 29%, 120%, 11%, and 40%, respectively, during the same period.
Notably, the Alerian MLP ETF (AMLP), an ETF of top infrastructure MLPs (master limited partnerships), has risen nearly 31%.
The above graph shows PAA’s stock price movement along with its 50-day and 200-day moving averages. The company’s stock is currently trading 2% below its 50-day moving average and 9% above its 200-day moving average. PAA’s 50-day moving average crossed above its 200-day average in June. The stock has primarily traded above its 50-day moving average for the past year.
For more details on the company, check out Market Realist’s series Plains All American’s Simplified Structure Makes Investors Happy.
In the next and final part of the series, we’ll discuss what analysts are recommending for PAA ahead of its 4Q16 results.