Plains All American Pipeline, L.P. (NYSE:PAA) Given Consensus Rating of “Hold” by Brokerages

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.82.

PAA has been the subject of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research report on Friday. Morgan Stanley downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $22.00 to $19.00 in a report on Friday, October 25th. Finally, Bank of America initiated coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They set a “neutral” rating and a $18.00 price target on the stock.

Institutional Investors Weigh In On Plains All American Pipeline

Large investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new position in shares of Plains All American Pipeline during the third quarter worth $28,000. ORG Partners LLC increased its holdings in shares of Plains All American Pipeline by 78.5% in the 2nd quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 730 shares during the last quarter. Evermay Wealth Management LLC acquired a new stake in shares of Plains All American Pipeline during the 1st quarter worth about $35,000. Sunbelt Securities Inc. lifted its stake in Plains All American Pipeline by 53.2% during the second 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. Finally, American National Bank boosted its holdings in Plains All American Pipeline by 249.2% in the second quarter. American National Bank now owns 4,358 shares of the pipeline company’s stock valued at $78,000 after purchasing an additional 3,110 shares in the last quarter. 41.78% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Trading Up 0.2 %

PAA opened at $17.18 on Friday. The stock has a market capitalization of $12.04 billion, a PE ratio of 15.34 and a beta of 1.61. Plains All American Pipeline has a one year low of $14.46 and a one year high of $19.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.01. The business’s 50 day moving average price is $17.34 and its 200 day moving average price is $17.53.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. The business had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. Plains All American Pipeline had a return on equity of 11.63% and a net margin of 2.08%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. As a group, equities research analysts expect that Plains All American Pipeline will post 1.29 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 7.39%. The ex-dividend date was Thursday, October 31st. Plains All American Pipeline’s payout ratio is presently 113.39%.

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.