Media stories about Plains All American Pipeline, L.P. (NYSE:PAA) have been trending somewhat negative this week, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Plains All American Pipeline, L.P. earned a daily sentiment score of -0.02 on AlphaOne’s scale. AlphaOne also assigned press coverage about the pipeline company an impact score of 15 out of 100, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Alpha One’s analysis:
- Plains All American Pipeline LP :PAA-US: Earnings Analysis: Q1, 2017 By the Numbers : June 19, 2017 (finance.yahoo.com)
- Plains All Amern Pipeline L (PAA) Market Valuation Declined While Goodwin Daniel L Decreased Position by $3.03 … – WeeklyHub (weeklyhub.com)
- Founders Capital Management Invests $101000 in Plains All American Pipeline, LP (PAA) (campdesrecrues.com)
- Stock Showing Surging Activity: Plains All American Pipeline, LP (PAA) (badhub.net)
- Plains All American Pipeline, LP (NYSE:PAA) Valuation According To Analysts (healthcaremenu.net)
Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 3.5381% during mid-day trading on Tuesday, reaching $23.6814. 2,624,808 shares of the company were exchanged. The firm has a market capitalization of $17.16 billion, a PE ratio of 22.0087 and a beta of 0.95. The company’s 50 day moving average price is $26.87 and its 200 day moving average price is $30.36. Plains All American Pipeline, L.P. has a 12 month low of $23.21 and a 12 month high of $33.95.
Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, May 8th. The pipeline company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.09. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Plains All American Pipeline, L.P. had a return on equity of 9.52% and a net margin of 4.26%. The business’s revenue was up 62.2% on a year-over-year basis. During the same period last year, the business earned $0.45 earnings per share. Equities analysts anticipate that Plains All American Pipeline, L.P. will post $1.68 earnings per share for the current year.
A number of research analysts have issued reports on PAA shares. Deutsche Bank AG dropped their target price on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating for the company in a report on Tuesday, May 30th. Scotiabank reaffirmed a “buy” rating and issued a $36.00 target price on shares of Plains All American Pipeline, L.P. in a report on Thursday, April 27th. Barclays PLC reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of Plains All American Pipeline, L.P. in a report on Thursday, March 30th. Stifel Nicolaus dropped their target price on shares of Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Finally, Jefferies Group LLC cut shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and dropped their target price for the company from $28.00 to $27.00 in a report on Friday, April 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.88.
Plains All American Pipeline, L.P. Company Profile
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.
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