Plains All Amer Now Covered by Jefferies Group (PAA)
Stock analysts at Jefferies Group began coverage on shares of Plains All Amer (NYSE:PAA) in a report issued on Thursday, Analyst Ratings Net reports. The firm set a “buy” rating and a $52.25 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Plains All Amer from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $54.00 price target on the stock. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Plains All Amer in a research note to investors on Wednesday, August 7th. They now have a $60.00 price target on the stock, down previously from $63.00. Finally, analysts at Oppenheimer initiated coverage on shares of Plains All Amer in a research note to investors on Wednesday, August 7th. They set an “outperform” rating and a $65.00 price target on the stock. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Plains All Amer presently has an average rating of “Buy” and a consensus target price of $59.95.
Plains All Amer (NYSE:PAA) traded up 0.90% on Thursday, hitting $52.72. 199,794 shares of the company’s stock traded hands. Plains All Amer has a 52-week low of $42.55 and a 52-week high of $59.52. The stock’s 50-day moving average is $52.46 and its 200-day moving average is $55.18. The company has a market cap of $18.069 billion and a price-to-earnings ratio of 18.59.
Plains All Amer (NYSE:PAA) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.04. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that Plains All Amer will post $3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, November 14th. Investors of record on Friday, November 1st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Wednesday, October 30th. This is an increase from Plains All Amer’s previous quarterly dividend of $0.59.
Plains All American Pipeline, L.P. (NYSE:PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids (NGL).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.