Plains All American Pipeline Lp (NASDAQ:PAA) Given Average Rating of “Hold” by Analysts

Plains All American Pipeline Lp (NASDAQ:PAAGet Free Report) has been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.2308.

A number of research analysts recently weighed in on PAA shares. Wells Fargo & Company lifted their price objective on shares of Plains All American Pipeline from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a research report on Tuesday, June 16th. Mizuho lifted their price target on Plains All American Pipeline from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Barclays boosted their price objective on Plains All American Pipeline from $21.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Finally, The Goldman Sachs Group raised Plains All American Pipeline from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, June 3rd.

Get Our Latest Analysis on Plains All American Pipeline

Institutional Trading of Plains All American Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PAA. Financial Life Planners purchased a new position in shares of Plains All American Pipeline during the 1st quarter valued at $27,000. Allied Private Wealth LLC bought a new position in shares of Plains All American Pipeline in the second quarter worth $33,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Plains All American Pipeline by 40.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock worth $41,000 after purchasing an additional 655 shares during the period. Fulcrum Asset Management LLP purchased a new stake in shares of Plains All American Pipeline in the third quarter worth $50,000. Finally, Farther Finance Advisors LLC raised its position in shares of Plains All American Pipeline by 342.7% in the fourth quarter. Farther Finance Advisors LLC now owns 4,068 shares of the company’s stock worth $73,000 after buying an additional 3,149 shares in the last quarter. Institutional investors own 41.78% of the company’s stock.

Key Plains All American Pipeline News

Here are the key news stories impacting Plains All American Pipeline this week:

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $22.81 on Monday. The stock has a market capitalization of $16.09 billion, a P/E ratio of 6.32, a P/E/G ratio of 7.66 and a beta of 0.50. Plains All American Pipeline has a 52-week low of $15.69 and a 52-week high of $25.03. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.94. The stock’s 50-day simple moving average is $22.99 and its 200 day simple moving average is $21.96.

Plains All American Pipeline (NASDAQ:PAAGet Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.09). The business had revenue of $17.69 billion for the quarter. Plains All American Pipeline had a return on equity of 12.50% and a net margin of 5.29%.The firm’s revenue for the quarter was up 66.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS. As a group, research analysts anticipate that Plains All American Pipeline will post 1.83 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, July 31st. Plains All American Pipeline’s dividend payout ratio is presently 46.26%.

Plains All American Pipeline Company Profile

(Get Free Report)

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.

Further Reading

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

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