Plains All American Pipeline, L.P. (NYSE:PAA) Given Consensus Rating of “Moderate Buy” by Analysts

Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $14.50.

Several analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $16.00 in a research note on Sunday, August 14th. TheStreet upgraded shares of Plains All American Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, August 4th. StockNews.com cut shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Wolfe Research cut shares of Plains All American Pipeline from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 1st. Finally, Barclays raised their price objective on shares of Plains All American Pipeline from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 16th.

Institutional Investors Weigh In On Plains All American Pipeline

Large investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC boosted its stake in shares of Plains All American Pipeline by 16.4% during the 1st quarter. Cetera Advisors LLC now owns 21,175 shares of the pipeline company’s stock valued at $228,000 after purchasing an additional 2,984 shares in the last quarter. Optimum Investment Advisors purchased a new position in Plains All American Pipeline during the 2nd quarter valued at about $98,000. Northwestern Mutual Wealth Management Co. lifted its position in Plains All American Pipeline by 46.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 9,260 shares of the pipeline company’s stock valued at $100,000 after acquiring an additional 2,940 shares during the period. Cohen & Steers Inc. lifted its position in Plains All American Pipeline by 397.5% during the 1st quarter. Cohen & Steers Inc. now owns 2,302,750 shares of the pipeline company’s stock valued at $24,778,000 after acquiring an additional 1,839,927 shares during the period. Finally, UBS Group AG lifted its position in Plains All American Pipeline by 20.0% during the 2nd quarter. UBS Group AG now owns 10,163,484 shares of the pipeline company’s stock valued at $99,805,000 after acquiring an additional 1,696,004 shares during the period. Institutional investors own 41.52% of the company’s stock.

Plains All American Pipeline Stock Down 1.5 %

PAA opened at $12.15 on Tuesday. Plains All American Pipeline has a 12 month low of $8.64 and a 12 month high of $12.75. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. The company has a market cap of $8.48 billion, a PE ratio of 8.38 and a beta of 1.71. The company has a 50 day moving average of $11.68 and a 200 day moving average of $11.22.

Plains All American Pipeline (NYSE:PAAGet Rating) last posted its earnings results on Wednesday, November 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.06. Plains All American Pipeline had a net margin of 2.05% and a return on equity of 9.41%. The business had revenue of $14.34 billion for the quarter, compared to analysts’ expectations of $16.50 billion. During the same period in the prior year, the company posted $0.22 EPS. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. On average, sell-side analysts expect that Plains All American Pipeline will post 1.21 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Monday, October 31st were issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date was Friday, October 28th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 60.00%.

Plains All American Pipeline Company Profile

(Get Rating)

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 in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

Featured Articles

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.