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

Plains All American Pipeline, L.P. (NYSE:PAA) has earned a consensus rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.82.

A number of analysts have recently weighed in on the company. Bank of America initiated coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price for the company. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $22.00 to $20.00 in a report on Wednesday, December 18th. Morgan Stanley cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $19.00 target price on shares of Plains All American Pipeline in a research report on Friday, November 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PAA. Wilmington Savings Fund Society FSB bought a new position in shares of Plains All American Pipeline during the third quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of Plains All American Pipeline during the 3rd quarter valued at about $28,000. Sunbelt Securities Inc. raised its holdings in Plains All American Pipeline by 53.2% in 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 period. Brown Brothers Harriman & Co. increased its stake in Plains All American Pipeline by 31.2% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,460 shares of the pipeline company’s stock worth $80,000 after buying an additional 1,060 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Plains All American Pipeline by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock valued at $109,000 after acquiring an additional 856 shares during the last quarter. Institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Stock Up 0.3 %

NYSE PAA opened at $17.38 on Friday. Plains All American Pipeline has a 12 month low of $15.02 and a 12 month high of $19.17. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market capitalization of $12.23 billion, a P/E ratio of 15.52 and a beta of 1.64. The company’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $17.64.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The business had revenue of $12.74 billion for the quarter, compared to analyst estimates of $13.09 billion. During the same period last year, the business posted $0.35 EPS. Plains All American Pipeline’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that Plains All American Pipeline will post 1.24 earnings per share for the current fiscal year.

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.