Plains All American Pipeline, L.P. (NYSE:PAA)‘s stock had its “sector perform” rating reaffirmed by research analysts at Scotia Howard Weill in a note issued to investors on Tuesday.

PAA has been the topic of a number of other research reports. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, July 10th. Guggenheim began coverage on shares of Plains All American Pipeline, L.P. in a report on Monday, April 17th. They set a “neutral” rating and a $28.00 price target on the stock. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. UBS AG upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG lowered shares of Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and cut their price target for the stock from $34.00 to $29.00 in a report on Thursday, July 13th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.55.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) traded down 17.2306% during mid-day trading on Tuesday, hitting $20.8579. 4,085,697 shares of the company’s stock traded hands. Plains All American Pipeline, L.P. has a 52 week low of $20.75 and a 52 week high of $33.95. The company has a market cap of $15.11 billion, a PE ratio of 19.3847 and a beta of 0.95. The firm has a 50-day moving average of $25.75 and a 200 day moving average of $28.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a return on equity of 20.01% and a net margin of 6.66%. Plains All American Pipeline, L.P.’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) EPS. Equities research analysts predict that Plains All American Pipeline, L.P. will post $1.67 EPS for the current year.

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A number of large investors have recently bought and sold shares of the stock. Founders Capital Management bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at $101,000. Trust Co. of Vermont increased its stake in Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock valued at $107,000 after buying an additional 3,150 shares during the period. Parkside Financial Bank & Trust increased its stake in Plains All American Pipeline, L.P. by 23.3% in the first quarter. Parkside Financial Bank & Trust now owns 4,228 shares of the pipeline company’s stock valued at $134,000 after buying an additional 800 shares during the period. Advisory Services Network LLC bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at $139,000. Finally, Princeton Portfolio Strategies Group LLC bought a new stake in Plains All American Pipeline, L.P. during the first quarter valued at $153,000. 44.01% of the stock is owned by hedge funds and other institutional investors.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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