Recent Analysts’ Ratings Updates for Plains All American Pipeline (PAA)

Several analysts have recently updated their ratings and price targets for Plains All American Pipeline (NYSE: PAA):

  • 2/8/2018 – Plains All American Pipeline had its price target lowered by analysts at Bank of America Corp from $24.00 to $23.00. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Plains All American Pipeline was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock, up previously from $23.00.
  • 2/8/2018 – Plains All American Pipeline had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $24.00 price target on the stock, up previously from $22.00.
  • 2/7/2018 – Plains All American Pipeline was given a new $22.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 1/17/2018 – Plains All American Pipeline was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $26.00 price target on the stock.
  • 1/12/2018 – Plains All American Pipeline had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $25.00 price target on the stock.
  • 1/9/2018 – Plains All American Pipeline is now covered by analysts at Bank of America Corp. They set a “neutral” rating on the stock.
  • 1/4/2018 – Plains All American Pipeline is now covered by analysts at Credit Suisse Group AG. They set an “outperform” rating and a $25.00 price target on the stock.

Plains All American Pipeline, L.P. (NYSE PAA) traded up $0.18 on Monday, reaching $21.70. The company’s stock had a trading volume of 715,020 shares, compared to its average volume of 3,748,611. Plains All American Pipeline, L.P. has a 52 week low of $18.38 and a 52 week high of $33.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. The stock has a market capitalization of $15,610.00, a price-to-earnings ratio of 23.59 and a beta of 0.87.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a net margin of 3.26% and a return on equity of 9.93%. The company had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter last year, the firm earned $0.37 EPS. Plains All American Pipeline’s revenue for the quarter was up 27.8% on a year-over-year basis. research analysts predict that Plains All American Pipeline, L.P. will post 1.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.20 annualized dividend and a yield of 5.53%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 130.43%.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of Plains All American Pipeline stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by insiders.

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.

Receive News & Ratings for Plains All American Pipeline LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline LP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply