Plains All American Pipeline trades at an attractive PEG of 0.14 and shows a deeply oversold technical setup with RSI at 28 and near-Bollinger lower band, but below-average business quality, two consecutive earnings misses, and no competitive moat limit the investment case for new buyers.
Thesis pillars
- Deep Value Low Peg→Stable
- Oversold Technical Bounce Setup↑Improving
- Consecutive Earnings Miss Pattern↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 27, 2026· older than 90 days
Plains All American Pipeline, L (PAA) Stock Analysis
Energy · Oil & Gas Midstream
Sell if holding. Engine safety override at $23.92: Quality below floor (3.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: Below-average business quality; Negative price momentum.
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL.... Read more
Sell if holding. Engine safety override at $23.92: Quality below floor (3.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.1/10, moderate confidence.
Passes 4/7 gates (clean insider activity, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated Nov 6, 2026Recent Developments — Plains All American Pipeline, L
Latest news
- NEWS Why Is Plains All American Stock Falling Friday? — benzinga Nov 6, 2026 negative
- NEWS Plains All American Q3 2026 Earnings Call Transcript — benzinga Nov 6, 2026 neutral
- NEWS Plains All American Pipeline, L.P. Reports Third-Quarter 2026 Financial Results — fiscal.ai Nov 6, 2026
- NEWS Plains All American Q3 Adj. EPS $(0.04) Misses $0.41 Estimate, Sales $15.173B Miss $15.208B Estimate — benzinga Nov 6, 2026 negative
- NEWS Enbridge, Moderna On Deck Friday As Demand, Vaccine Pipeline Face Test — benzinga Nov 5, 2026 neutral
Latest item Nov 6, 2026 · Generated 2026-11-07T11:37:31Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-06-02Item 5.02MEDIUMRuss Montgomery promoted to VP Accounting and Chief Accounting Officer effective Sept 1, 2026. Chris Herbold, SVP Finance and Chief Accounting Officer, retiring Aug 31, 2026. Clean handoff; no disagreement cited.SEC filing →
- 2026-05-13Item 5.02LOWCynthia B. Taylor appointed independent board member (Class III) effective May 11, 2026. Also added to Compensation Committee and Health, Safety, Environmental and Sustainability Committee. No departures.SEC filing →
- 2026-05-12Item 1.02MEDIUMTerm loan terminated concurrent with May 12, 2026 sale of Canadian NGL Business to Keyera Corp. Net proceeds ~$3.3B used to repay commercial paper, term loan, and PAA's 4.50% senior notes due December 2026.SEC filing →
- 2026-05-12Item 2.01MEDIUMPAA completed sale of Plains Midstream Canada ULC (Canadian NGL Business) to Keyera Corp for ~CAD $5.13B (~USD $3.76B) on May 12, 2026. Net proceeds ~$3.3B to be applied to leverage reduction.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers·2 ceiling hits
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $23.92: Quality below floor (3.5 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $22.95. Score 6.1/10, moderate confidence.
Analyst target: $24.09 (+0.7% upside). Prior stop was $22.95. Stop-loss: $22.95.
Target reached (0.7% upside); Quality below floor (3.5 < 4.0).
Plains All American Pipeline, L trades at a P/E of 39.9 (forward 12.3). TrendMatrix value score: 7.2/10. Verdict: Sell.
24 analysts rate PAA, with a consensus score of 3.6/5. 17 analysts publish price targets averaging $27.
What does Plains All American Pipeline, L do?Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling,...
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, trucks, and on barges or railcars. This segment provides terminalling, storage, and other related services, as well as merchant activities. The NGL segment is involved in natural gas processing and NGL fractionation, storage, transportation, and terminaling. This segment also includes ethane, propane, normal butane, iso-butane, and natural gasoline derived from natural gas production and processing activities, as well as crude oil refining processes. Its NGL components are used for various applications, such as heating, engine, and industrial fuels. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.