Barclays PLC restated their buy rating on shares of Plains All American Pipeline, L.P. (NYSE:PAA) in a report issued on Wednesday. Barclays PLC currently has a $28.00 price objective on the pipeline company’s stock.

Other analysts also recently issued reports about the company. Scotiabank restated a buy rating and issued a $36.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Thursday, April 27th. Deutsche Bank AG decreased their price target on Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a buy rating for the company in a report on Tuesday, May 30th. UBS AG reiterated a buy rating and set a $33.00 price target (down from $34.00) on shares of Plains All American Pipeline, L.P. in a report on Wednesday, May 10th. Mizuho upgraded Plains All American Pipeline, L.P. from a neutral rating to a buy rating and set a $30.00 price target for the company in a report on Monday, July 10th. Finally, Raymond James Financial, Inc. set a $24.00 price target on Plains All American Pipeline, L.P. and gave the stock a buy rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $30.19.

Plains All American Pipeline, L.P. (NYSE:PAA) traded down 1.31% on Wednesday, hitting $20.40. The stock had a trading volume of 3,923,485 shares. The company has a market capitalization of $14.78 billion, a PE ratio of 15.74 and a beta of 0.95. Plains All American Pipeline, L.P. has a 12-month low of $20.00 and a 12-month high of $33.95. The company has a 50 day moving average of $25.48 and a 200 day moving average of $28.57.

Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by $0.05. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.12) earnings per share. On average, equities analysts expect that Plains All American Pipeline, L.P. will post $1.61 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.78%. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 165.41%.

Institutional investors have recently made changes to their positions in the stock. Founders Capital Management acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at $101,000. Trust Co. of Vermont boosted its position in shares of 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 last quarter. Parkside Financial Bank & Trust boosted its position in shares of 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 last quarter. Advisory Services Network LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at $139,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Plains All American Pipeline, L.P. during the second quarter valued at $127,000. 44.01% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline, L.P. Company Profile

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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