Plains All American Pipeline, L.P. (PAA) Given “Neutral” Rating at RBC Capital Markets

Plains All American Pipeline, L.P. (NYSE:PAA)‘s stock had its “neutral” rating restated by analysts at RBC Capital Markets in a research report issued on Friday.

PAA has been the subject of a number of other reports. Piper Jaffray Companies raised shares of Plains All American Pipeline, L.P. from a “neutral” rating to an “overweight” rating and set a $36.00 price objective for the company in a research note on Thursday, October 13th. Robert W. Baird upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $32.00 to $37.00 in a research report on Tuesday, January 31st. Zacks Investment Research upgraded shares of Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $29.00 to $37.00 in a research report on Friday, December 9th. Finally, FBR & Co restated a “hold” rating on shares of Plains All American Pipeline, L.P. in a research report on Thursday, November 3rd. Fourteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.53.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded up 0.03% during mid-day trading on Friday, reaching $31.27. The company’s stock had a trading volume of 2,745,024 shares. Plains All American Pipeline, L.P. has a 1-year low of $15.66 and a 1-year high of $33.95. The firm’s 50 day moving average price is $31.99 and its 200-day moving average price is $30.59. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 72.72 and a beta of 0.87.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.10. Plains All American Pipeline, L.P. had a return on equity of 11.52% and a net margin of 3.60%. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, analysts predict that Plains All American Pipeline, L.P. will post $1.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, January 27th. Plains All American Pipeline, L.P.’s payout ratio is currently 536.59%.

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In other news, EVP John Vonberg sold 6,675 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $32.56, for a total value of $217,338.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in PAA. First Capital Advisors Group LLC. bought a new stake in Plains All American Pipeline, L.P. during the fourth quarter valued at $253,000. CWA Asset Management Group LLC raised its position in Plains All American Pipeline, L.P. by 1.8% in the fourth quarter. CWA Asset Management Group LLC now owns 191,646 shares of the company’s stock valued at $6,188,000 after buying an additional 3,414 shares during the period. FMR LLC raised its position in Plains All American Pipeline, L.P. by 350.2% in the fourth quarter. FMR LLC now owns 2,731,400 shares of the company’s stock valued at $88,197,000 after buying an additional 2,124,700 shares during the period. GenTrust LLC acquired a new position in Plains All American Pipeline, L.P. during the fourth quarter valued at approximately $1,003,000. Finally, Private Advisor Group LLC acquired a new position in Plains All American Pipeline, L.P. during the fourth quarter valued at approximately $468,000. 68.64% of the stock is owned by institutional investors.

Plains All American Pipeline, L.P. Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

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