Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have earned an average recommendation of “Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $28.64.

PAA has been the topic of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of Plains All American Pipeline to $27.00 and set a “sector perform” rating on the stock in a research report on Friday, June 14th. ValuEngine lowered shares of Plains All American Pipeline from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Stifel Nicolaus set a $25.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wolfe Research upgraded shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating in a research report on Thursday, June 13th. Finally, Piper Jaffray Companies initiated coverage on shares of Plains All American Pipeline in a research report on Wednesday, July 17th. They set an “overweight” rating and a $31.00 target price on the stock.

NYSE PAA traded down $0.16 during mid-day trading on Friday, reaching $21.36. 97,391 shares of the stock were exchanged, compared to its average volume of 2,453,795. Plains All American Pipeline has a 1-year low of $19.33 and a 1-year high of $27.60. The firm’s fifty day simple moving average is $23.85. The firm has a market capitalization of $15.53 billion, a PE ratio of 11.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, August 6th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.23. Plains All American Pipeline had a net margin of 9.48% and a return on equity of 22.39%. The firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $0.27 earnings per share. Plains All American Pipeline’s revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Plains All American Pipeline will post 2.34 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were issued a $0.36 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.74%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.

In other Plains All American Pipeline news, insider Emg Investment, Llc sold 8,179,284 shares of Plains All American Pipeline stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total value of $188,941,460.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cypress Wealth Advisors LLC boosted its position in shares of Plains All American Pipeline by 27.2% in the first quarter. Cypress Wealth Advisors LLC now owns 70,800 shares of the pipeline company’s stock valued at $1,735,000 after acquiring an additional 15,150 shares during the period. Holistic Financial Partners bought a new position in shares of Plains All American Pipeline during the 1st quarter worth $394,000. RR Advisors LLC grew its stake in shares of Plains All American Pipeline by 0.9% during the 1st quarter. RR Advisors LLC now owns 2,114,000 shares of the pipeline company’s stock worth $51,809,000 after acquiring an additional 18,000 shares during the period. Stephens Inc. AR grew its stake in shares of Plains All American Pipeline by 5.6% during the 1st quarter. Stephens Inc. AR now owns 124,399 shares of the pipeline company’s stock worth $3,049,000 after acquiring an additional 6,631 shares during the period. Finally, Bollard Group LLC grew its stake in shares of Plains All American Pipeline by 14.6% during the 1st quarter. Bollard Group LLC now owns 370,548 shares of the pipeline company’s stock worth $9,082,000 after acquiring an additional 47,187 shares during the period. Institutional investors own 48.81% of the company’s stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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