Plains All American Pipeline, L.P. (PAA) Receives Average Recommendation of “Hold” from Analysts

Plains All American Pipeline, L.P. (NYSE:PAA) has been given an average rating of “Hold” by the twenty-five research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.73.

Several brokerages have issued reports on PAA. TheStreet upgraded shares of Plains All American Pipeline from a “c+” rating to a “b” rating in a research report on Monday, June 11th. ValuEngine upgraded shares of Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. Wolfe Research cut shares of Plains All American Pipeline from a “market perform” rating to an “underperform” rating in a research report on Tuesday, April 24th. Jefferies Financial Group cut shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. Finally, Stifel Nicolaus cut shares of Plains All American Pipeline from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a research report on Wednesday, May 9th.

Large investors have recently bought and sold shares of the business. Koch Industries Inc. grew its holdings in Plains All American Pipeline by 27.4% in the fourth quarter. Koch Industries Inc. now owns 18,229 shares of the pipeline company’s stock worth $376,000 after purchasing an additional 3,921 shares during the period. Suntrust Banks Inc. bought a new position in shares of Plains All American Pipeline in the first quarter valued at $1,065,000. Driehaus Capital Management LLC bought a new position in shares of Plains All American Pipeline in the fourth quarter valued at $4,829,000. Bollard Group LLC lifted its stake in shares of Plains All American Pipeline by 99.1% in the first quarter. Bollard Group LLC now owns 119,307 shares of the pipeline company’s stock valued at $2,628,000 after buying an additional 59,370 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Plains All American Pipeline by 53.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 90,864 shares of the pipeline company’s stock valued at $1,876,000 after buying an additional 31,605 shares in the last quarter. Institutional investors and hedge funds own 45.12% of the company’s stock.

Plains All American Pipeline traded down $0.62, hitting $23.25, on Friday, MarketBeat Ratings reports. The company had a trading volume of 2,013,200 shares, compared to its average volume of 2,979,782. The company has a market cap of $17.07 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.01 and a beta of 0.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.86 and a quick ratio of 0.73. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $26.95.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, May 8th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a net margin of 2.50% and a return on equity of 11.09%. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $7.38 billion. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was up 26.0% on a year-over-year basis. analysts expect that Plains All American Pipeline will post 1.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, July 30th. Plains All American Pipeline’s payout ratio is 127.66%.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply