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↓Deteriorating
- Oversold Technical Bounce Setup↑Improving
- Consecutive Earnings Miss Pattern↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Plains All American Pipeline, L (PAA) Stock Analysis
Energy · Oil & Gas Midstream
Sell if holding. Engine safety override at $24.75: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality.
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 $24.75: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.6/10, moderate confidence.
Passes 5/8 gates (positive momentum, clean insider activity, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated 2026-07-26Recent Developments — Plains All American Pipeline, L
Latest news
- NEWS Barclays Maintains Underweight on Plains All American, Raises Price Target to $23 — benzinga Jul 16, 2026 neutral
- NEWS Truist Securities Maintains Buy on Plains All American, Raises Price Target to $25 — benzinga Jul 15, 2026 neutral
- NEWS Mizuho Maintains Outperform on Plains All American, Raises Price Target to $27 — benzinga Jun 8, 2026 positive
- NEWS Goldman Sachs Upgrades Plains All American to Neutral, Raises Price Target to $24 — benzinga Jun 4, 2026 positive
- NEWS Morgan Stanley Maintains Equal-Weight on Plains All American, Raises Price Target to $25 — benzinga May 20, 2026 positive
Generated 2026-07-26T08:02:05Z.
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.
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Rating Breakdown
2 floor-breakers
Quality below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $24.75: Quality below floor (3.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $23.66. Score 5.6/10, moderate confidence.
Take-profit target: $24.37 (-11.5% upside). Prior stop was $23.66. Stop-loss: $23.66.
Target reached (-11.5% upside); Quality below floor (3.3 < 4.0).
Plains All American Pipeline, L trades at a P/E of 22.2 (forward 12.6). TrendMatrix value score: 6.9/10. Verdict: Sell.
24 analysts cover PAA with a consensus score of 3.6/5. Average price target: $24.
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.