Plains All American Pipeline, L.P. (NYSE:PAA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.38.

Several analysts have issued reports on the company. UBS Group upped their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada increased their price objective on Plains All American Pipeline from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. The Goldman Sachs Group increased their price objective on Plains All American Pipeline from $14.50 to $16.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Morgan Stanley increased their price objective on Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, June 10th. Finally, Citigroup increased their price target on Plains All American Pipeline from $17.50 to $18.00 and gave the company a “neutral” rating in a research note on Monday, May 6th.

Institutional Trading of Plains All American Pipeline

Large investors have recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new stake in shares of Plains All American Pipeline in the 1st quarter valued at $26,000. Future Financial Wealth Managment LLC acquired a new position in shares of Plains All American Pipeline during the 1st quarter worth about $28,000. Evermay Wealth Management LLC acquired a new position in shares of Plains All American Pipeline during the 1st quarter worth about $35,000. Fortitude Family Office LLC acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth about $39,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Plains All American Pipeline during the 4th quarter worth about $46,000. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Trading Up 0.2 %

Shares of PAA opened at $16.78 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.97 and a quick ratio of 0.88. Plains All American Pipeline has a 12 month low of $13.20 and a 12 month high of $19.03. The stock’s 50-day moving average is $17.33 and its two-hundred day moving average is $16.51. The stock has a market cap of $11.76 billion, a PE ratio of 14.47 and a beta of 1.60.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, May 3rd. The pipeline company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Plains All American Pipeline had a return on equity of 10.53% and a net margin of 2.08%. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $12.98 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Equities analysts forecast that Plains All American Pipeline will post 1.29 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend was Tuesday, April 30th. Plains All American Pipeline’s payout ratio is 109.48%.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.