Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have received an average recommendation of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.07.

A number of analysts recently issued reports on PAA shares. BofA Securities raised Plains All American Pipeline from an “underperform” rating to a “buy” rating in a research note on Tuesday, July 21st. ValuEngine cut Plains All American Pipeline from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. Morgan Stanley increased their target price on Plains All American Pipeline from $7.00 to $8.00 and gave the stock an “underweight” rating in a research note on Friday, August 21st. Bank of America raised Plains All American Pipeline from an “underperform” rating to a “buy” rating in a research note on Tuesday, July 21st. Finally, Raymond James upped their price target on Plains All American Pipeline from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st.

Shares of PAA stock traded down $0.31 on Friday, reaching $6.69. The company had a trading volume of 640,982 shares, compared to its average volume of 6,314,329. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 1.30. The stock has a market cap of $5.10 billion, a PE ratio of -2.37 and a beta of 2.19. The company has a 50-day moving average of $7.42 and a 200-day moving average of $8.12. Plains All American Pipeline has a 12 month low of $3.00 and a 12 month high of $22.61.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, August 4th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Plains All American Pipeline had a positive return on equity of 17.85% and a negative net margin of 7.01%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $8.63 billion. During the same period in the previous year, the company posted $0.67 earnings per share. Plains All American Pipeline’s revenue for the quarter was down 60.9% compared to the same quarter last year. Sell-side analysts anticipate that Plains All American Pipeline will post 1.37 earnings per share for the current year.

Several institutional investors have recently modified their holdings of PAA. Keebeck Wealth Management LLC bought a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $26,000. Interactive Financial Advisors bought a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $36,000. Adirondack Trust Co. bought a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $37,000. CWM LLC lifted its stake in Plains All American Pipeline by 91.0% in the 2nd quarter. CWM LLC now owns 5,225 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 2,490 shares during the last quarter. Finally, Cetera Advisor Networks LLC bought a new position in Plains All American Pipeline in the 1st quarter valued at approximately $53,000. 46.81% of the stock is owned by institutional investors.

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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