Plains All American Pipeline (NASDAQ:PAA) Shares Down 0.2% – Here’s Why

Plains All American Pipeline Lp (NASDAQ:PAA)’s share price dropped 0.2% during mid-day trading on Thursday . The stock traded as low as $19.62 and last traded at $19.69. Approximately 4,529,096 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 3,394,546 shares. The stock had previously closed at $19.73.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PAA shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Plains All American Pipeline in a report on Monday, December 29th. Zacks Research upgraded shares of Plains All American Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Wall Street Zen lowered Plains All American Pipeline from a “buy” rating to a “hold” rating in a research note on Sunday, January 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Plains All American Pipeline Trading Down 0.2%

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 1.01. The company has a fifty day moving average price of $18.28. The firm has a market capitalization of $13.89 billion, a P/E ratio of 16.27 and a beta of 0.59.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $11.58 billion during the quarter. Plains All American Pipeline had a net margin of 2.42% and a return on equity of 11.04%.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.