Plains All American Pipeline (NASDAQ:PAA) Trading Down 0.2% – What’s Next?

Plains All American Pipeline Lp (NASDAQ:PAA) was down 0.2% during mid-day trading on Thursday . The stock traded as low as $19.62 and last traded at $19.69. Approximately 4,529,096 shares traded hands during mid-day trading, an increase of 33% from the average daily volume of 3,394,546 shares. The stock had previously closed at $19.73.

Wall Street Analysts Forecast Growth

PAA has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plains All American Pipeline in a report on Monday, December 29th. Zacks Research raised shares of Plains All American Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Plains All American Pipeline Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 1.01. The company’s 50-day moving average is $18.30. The firm has a market capitalization of $13.57 billion, a P/E ratio of 15.90 and a beta of 0.59.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter. Plains All American Pipeline had a return on equity of 11.04% and a net margin of 2.42%.The business had revenue of $11.58 billion for the quarter.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.