Plains All American Pipeline (PAA) Raised to Hold at ValuEngine

Plains All American Pipeline (NYSE:PAA) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

Several other research firms have also recently issued reports on PAA. TheStreet upgraded shares of Plains All American Pipeline from a “c+” rating to a “b-” rating in a research report on Wednesday, November 7th. Goldman Sachs Group raised shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Thursday, December 20th. Citigroup reduced their target price on shares of Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, November 29th. Finally, Mizuho began coverage on shares of Plains All American Pipeline in a report on Wednesday, November 28th. They set a “buy” rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Plains All American Pipeline currently has a consensus rating of “Buy” and a consensus price target of $28.33.

Shares of PAA opened at $23.62 on Monday. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.89 and a quick ratio of 0.71. Plains All American Pipeline has a twelve month low of $19.33 and a twelve month high of $27.70.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, February 5th. The pipeline company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.11. Plains All American Pipeline had a net margin of 6.50% and a return on equity of 19.37%. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. As a group, equities research analysts forecast that Plains All American Pipeline will post 2.04 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. increased its holdings in shares of Plains All American Pipeline by 3.4% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 96,856 shares of the pipeline company’s stock valued at $1,941,000 after purchasing an additional 3,218 shares during the period. Actinver Wealth Management Inc. acquired a new position in shares of Plains All American Pipeline in the fourth quarter valued at approximately $204,000. Executive Wealth Management LLC acquired a new position in shares of Plains All American Pipeline in the fourth quarter valued at approximately $28,000. HRT Financial LLC acquired a new position in shares of Plains All American Pipeline in the fourth quarter valued at approximately $549,000. Finally, Cetera Advisors LLC increased its holdings in shares of Plains All American Pipeline by 20.1% in the fourth quarter. Cetera Advisors LLC now owns 33,071 shares of the pipeline company’s stock valued at $664,000 after purchasing an additional 5,539 shares during the period. 47.15% of the stock is currently owned by institutional investors.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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

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