Plains All American Pipeline (NASDAQ:PAA) Shares Down 0.2% – Here’s Why

Plains All American Pipeline Lp (NASDAQ:PAA)’s stock price fell 0.2% on Thursday . The stock traded as low as $19.62 and last traded at $19.69. 4,529,096 shares changed hands during trading, an increase of 33% from the average session volume of 3,394,546 shares. The stock had previously closed at $19.73.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, Zacks Research raised shares of Plains All American Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy”.

Plains All American Pipeline Stock Down 0.2%

The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $13.89 billion, a PE ratio of 16.27 and a beta of 0.59. The business’s 50-day moving average is $18.28.

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

Plains All American Pipeline Company Profile

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.