Plains All American Pipeline (NASDAQ:PAA – Get Free Report) had its target price increased by stock analysts at UBS Group from $27.00 to $28.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 10.55% from the company’s current price.
Several other equities research analysts also recently commented on PAA. Citigroup upped their price target on shares of Plains All American Pipeline from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays increased their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday. Scotiabank increased their price objective on Plains All American Pipeline from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Wall Street Zen downgraded Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Plains All American Pipeline from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.43.
Check Out Our Latest Report on Plains All American Pipeline
Plains All American Pipeline Stock Down 0.2%
Plains All American Pipeline (NASDAQ:PAA – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $17.69 billion for the quarter. Plains All American Pipeline had a net margin of 5.29% and a return on equity of 12.13%. The firm’s quarterly revenue was up 66.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. As a group, equities analysts expect that Plains All American Pipeline will post 1.75 earnings per share for the current year.
Hedge Funds Weigh In On Plains All American Pipeline
Several large investors have recently bought and sold shares of PAA. Bullseye Investment Management LLC acquired a new stake in Plains All American Pipeline during the 2nd quarter worth $44,000. Tidal Investments LLC lifted its stake in Plains All American Pipeline by 754.8% in the second quarter. Tidal Investments LLC now owns 87,636 shares of the company’s stock valued at $1,951,000 after buying an additional 77,384 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Plains All American Pipeline by 7.0% during the second quarter. Integrated Wealth Concepts LLC now owns 13,770 shares of the company’s stock worth $307,000 after buying an additional 905 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Plains All American Pipeline by 15.2% during the 2nd quarter. NewEdge Advisors LLC now owns 139,680 shares of the company’s stock worth $3,109,000 after buying an additional 18,465 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in shares of Plains All American Pipeline by 0.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 60,291 shares of the company’s stock valued at $1,342,000 after acquiring an additional 392 shares during the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.
Plains All American Pipeline Company Profile
Plains All American Pipeline, L.P. is a midstream energy infrastructure company that provides transportation, storage, gathering, logistics and related services for crude oil and natural gas liquids (NGLs). The company generally does not produce oil or gas; instead, it helps move and manage hydrocarbons from producing regions to refineries, processing facilities, export terminals and other end markets.
Plains operates an extensive network of pipelines, gathering systems, storage facilities, rail and truck transportation assets, and terminals.
Read More
- Five stocks we like better than Plains All American Pipeline
- 3 Surging Stocks That Don’t Need the AI Boom to Keep Winning
- Oil Tanker Rates Top $1 Million a Day—3 Ways Investors Can Trade the Surge
- Meta’s Muse Agent Has Wall Street Divided on Its AI Potential
- From Hyperscalers to High-Yield, These 3 Indsutry Giants Are Boosting Dividends
Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.
