Plains All American Pipeline, L.P. VP Unloads $89,955 in Stock (PAA)
Plains All American Pipeline, L.P. (NYSE:PAA) VP Chris Herbold sold 1,500 shares of Plains All American Pipeline, L.P. stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $59.97, for a total transaction of $89,955.00. Following the transaction, the vice president now directly owns 24,056 shares of the company’s stock, valued at approximately $1,442,638. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PAA. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Plains All American Pipeline, L.P. in a research note on Friday, August 22nd. They now have a $66.00 price target on the stock. Separately, 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $62.29.
Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 0.22% on Tuesday, hitting $59.80. 858,673 shares of the company’s stock traded hands. Plains All American Pipeline, L.P. has a 1-year low of $47.26 and a 1-year high of $60.60. The stock has a 50-day moving average of $58.46 and a 200-day moving average of $56.70. The company has a market cap of $22.063 billion and a price-to-earnings ratio of 27.86.
Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings data 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. Analysts expect that Plains All American Pipeline, L.P. will post $2.45 EPS 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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