Plains All American Pipeline, L.P. VP Phil D. Kramer Sells 14,100 Shares (PAA)
Plains All American Pipeline, L.P. (NYSE:PAA) VP Phil D. Kramer sold 14,100 shares of Plains All American Pipeline, L.P. stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $58.36, for a total transaction of $822,876.00. Following the completion of the sale, the vice president now directly owns 333,313 shares in the company, valued at approximately $19,452,147. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on PAA shares. Analysts at Barclays raised their price target on shares of Plains All American Pipeline, L.P. from $62.00 to $63.00 in a research note on Friday, August 8th. Separately, analysts at Credit Suisse raised their price target on shares of Plains All American Pipeline, L.P. from $65.00 to $66.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Plains All American Pipeline, L.P. in a research note on Friday, August 8th. They now have a $59.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.29.
Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded up 0.07% during mid-day trading on Friday, hitting $58.06. 584,242 shares of the company’s stock traded hands. Plains All American Pipeline, L.P. has a 52-week low of $47.26 and a 52-week high of $60.60. The stock has a 50-day moving average of $58.42 and a 200-day moving average of $55.97. The company has a market cap of $21.424 billion and a price-to-earnings ratio of 26.97.
Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $10.53 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts predict that Plains All American Pipeline, L.P. will post $2.45 earnings per share for the current fiscal year.
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).
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