Plains All American Pipeline (NASDAQ:PAA) Stock Price Up 1.4% – Here’s Why

Plains All American Pipeline Lp (NASDAQ:PAA)’s share price shot up 1.4% during mid-day trading on Friday . The stock traded as high as $20.93 and last traded at $20.91. 2,485,130 shares were traded during trading, a decline of 25% from the average session volume of 3,307,511 shares. The stock had previously closed at $20.62.

Analyst Ratings Changes

Several brokerages have recently weighed in on PAA. Weiss Ratings reissued a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday, December 29th. Zacks Research lowered shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, 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. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate 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 stock has a 50-day moving average price of $19.22. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of 12.60 and a beta of 0.60.

Plains All American Pipeline (NASDAQ:PAA) last announced its earnings results on Friday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.07). Plains All American Pipeline had a return on equity of 10.80% and a net margin of 3.21%.The business had revenue of $10.56 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.