Plains All American Pipeline (PAA) Earns Buy Rating from Jefferies Group

Plains All American Pipeline (NYSE:PAA)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Group in a research note issued on Friday. They presently have a $25.00 price objective on the pipeline company’s stock. Jefferies Group’s target price suggests a potential upside of 4.34% from the company’s current price.

Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Seaport Global Securities started coverage on Plains All American Pipeline in a report on Tuesday, October 10th. They set a “neutral” rating and a $23.00 target price on the stock. Stifel Nicolaus raised their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Robert W. Baird restated a “hold” rating and set a $21.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. Finally, SunTrust Banks restated a “hold” rating and set a $24.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.53.

Plains All American Pipeline (NYSE:PAA) traded up $0.38 during midday trading on Friday, reaching $23.96. The company’s stock had a trading volume of 5,115,018 shares, compared to its average volume of 3,600,000. Plains All American Pipeline has a one year low of $18.38 and a one year high of $33.01. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $17,380.00, a price-to-earnings ratio of 27.86 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a net margin of 3.22% and a return on equity of 9.06%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the business earned $0.39 earnings per share. Plains All American Pipeline’s quarterly revenue was up 13.6% on a year-over-year basis. analysts forecast that Plains All American Pipeline will post 1.14 earnings per share for the current fiscal year.

In other news, VP Chris Herbold sold 10,171 shares of Plains All American Pipeline stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Adams Asset Advisors LLC increased its stake in shares of Plains All American Pipeline by 16.6% in the fourth quarter. Adams Asset Advisors LLC now owns 215,321 shares of the pipeline company’s stock worth $4,444,000 after purchasing an additional 30,709 shares during the period. Atlantic Trust Group LLC increased its stake in shares of Plains All American Pipeline by 33.4% in the third quarter. Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company’s stock worth $141,334,000 after purchasing an additional 1,668,416 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Plains All American Pipeline by 4.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,128,391 shares of the pipeline company’s stock worth $23,911,000 after purchasing an additional 47,404 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Plains All American Pipeline by 30.4% in the third quarter. Chicago Partners Investment Group LLC now owns 255,532 shares of the pipeline company’s stock worth $5,415,000 after purchasing an additional 59,632 shares during the period. Finally, Institutional & Family Asset Management LLC increased its stake in shares of Plains All American Pipeline by 75.8% in the third quarter. Institutional & Family Asset Management LLC now owns 217,822 shares of the pipeline company’s stock worth $4,616,000 after purchasing an additional 93,916 shares during the period. Institutional investors and hedge funds own 43.41% of the company’s stock.

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Plains All American Pipeline 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.

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

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