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

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.91.

Several research firms recently issued reports on PAA. Bank of America started coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Finally, UBS Group upped their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd.

Hedge Funds Weigh In On Plains All American Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PAA. Eagle Bay Advisors LLC acquired a new stake in Plains All American Pipeline in the 1st quarter valued at about $26,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter valued at approximately $28,000. ORG Partners LLC increased its stake in shares of Plains All American Pipeline by 78.5% during the 2nd quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 730 shares in the last quarter. Evermay Wealth Management LLC purchased a new position in shares of Plains All American Pipeline during the 1st quarter worth approximately $35,000. Finally, Sunbelt Securities Inc. raised its position in shares of Plains All American Pipeline by 53.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,795 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 1,318 shares during the last quarter. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

Plains All American Pipeline Price Performance

Shares of PAA stock opened at $17.11 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. Plains All American Pipeline has a fifty-two week low of $14.46 and a fifty-two week high of $19.17. The firm has a market cap of $12.00 billion, a P/E ratio of 14.75 and a beta of 1.60. The business’s 50 day moving average price is $17.57 and its 200-day moving average price is $17.65.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities research analysts anticipate that Plains All American Pipeline will post 1.3 earnings per share for the current year.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.42%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

Plains All American Pipeline Company Profile

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.