PAA Stock Trading Above 50 and 200-Day SMA: Should You Buy it Now?

Core Viewpoint - Plains All American Pipeline LP (PAA) is experiencing a bullish trend, trading above its 50-day and 200-day simple moving averages, and is well-positioned to benefit from rising production in the Permian region and increasing demand for oil and natural gas [1][2][20] Group 1: Stock Performance - PAA's stock closed at $20.48 on February 21, with a 14.1$670 million in 2024 [9][10] - The firm is expanding operations in the Permian Basin, anticipating an increase in crude production by nearly 6.7 million barrels a day by the end of 2025, which will enhance its operational capacity [11] Group 3: Financial Outlook - PAA's management announced a 20% increase in its annual cash distribution rate to $1.52 per unit for 2025, reflecting a steady growth in cash distributions [14] - The Zacks Consensus Estimate for PAA's earnings per unit has increased by 9.4% and 2% for 2025 and 2026, respectively, over the past 60 days [16] Group 4: Market Position - PAA's strong presence in the Permian Basin and ongoing expansion through acquisitions positions it favorably to benefit from rising hydrocarbon production [19] - The company has a VGM Score of B, indicating strong performance, and is considered a favorable entry point for investors due to positive earnings estimates and trading at a discount [20]