Have you ever had to hold your nose when betting on the future? This stock yields 9.29% and is 26% below analysts' average price target. It has had some rough quarters, but it's in the hottest production region in its industry and has projects coming online in 2017 that should sustain future growth. Investors with a long-term focus can pick up shares at 52-week lows. We offer two additional actionable trades to hedge your bet - 1 with a breakeven 12% below the 52-week low.
We came across Plains All American Pipeline, L.P. (NYSE:PAA), a midstream pipeline high dividend stock, on a bottom fishing expedition this week, and its chart is a real stinker - it's hitting 52-week lows and looks oversold on its stochastic chart (although it has looked oversold before on its way down). We figured that analysts must have been ganging up on PAA, with multiple downgrades, etc., but it's the exact opposite - it has a lot of upward earnings estimate revisions over the past 30 days for Q2 and Q3 '17, and also for full years 2017 and 2018. After its downward slide, PAA is now 26% below analysts' consensus price target of $32.02. It made us wonder what analysts were seeing that investors weren't agreeing with.
Source: Seeking Alpha
Related Articles:
- Characteristics of Great Dividend Growth Stocks
- 8 Dividend Stocks With A 15% Yield In 15 Years
- Don't Touch These 5 Dividend Stocks!
- 9 Higher Yielders With A Low Free Cash Flow Payout
- 6 Dividend Stocks Headed In The Right Direction
Oversold 9% Yielder At 52-Week Lows, Estimates Rising, Long-Term Upside Potential
Posted by D4L | Monday, July 10, 2017 | ArticleLinks | 0 comments »________________________________________________________________
Subscribe to:
Post Comments (Atom)
~
Popular Posts Last 30 Days
-
As a relatively new blogger, the one thing that has stood out in my mind is the number of Canadian bloggers in the areas that I am most inte...
-
GameStop (NYSE:GME) lost about 40% of its market value over the past three years, as rising digital downloads and declining mall traffic thr...
-
In a capitalistic society, opportunities to generate (mostly) passive income are all around us. Dividend growth investing is one of the most...
-
These elite income producers have rallied this year. Their brilliance at producing passive income seems to have caught the market's eye ...
-
Since the market highs in July, stocks have been under considerable pressure. Indeed, 10-year Treasury yields are at the highest level since...
-
Buying dividend stocks can be tricky. Oftentimes, stocks that pay exorbitantly high dividends have underlying financial problems, and their ...
-
While optimism in the broader market remains robust – particularly for hyped-up sectors like technology – investors may still want to consid...
-
If you are looking for reliable dividends, these three Dividend Kings should be right up your alley. Dividends are paid at the discretion of...
-
A strong dividend investing strategy may be to focus on high-quality names that score well on several dividend-related metrics. In other wor...
-
Despite all that work, its valuation remains dirt cheap. That's a big reason why its distribution currently yields more than 9% despite ...
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.