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

Plains All American Pipeline, L.P. (NYSE:PAA) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers 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 reaffirmed a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research note on Friday, November 15th. Bank of America assumed 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. Finally, Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $22.00 to $19.00 in a report on Friday, October 25th.

Hedge Funds Weigh In On Plains All American Pipeline

Several institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline during the 3rd quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new position in Plains All American Pipeline in the third quarter valued at about $28,000. ORG Partners LLC grew its stake in Plains All American Pipeline by 78.5% in the second quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 730 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of 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 valued at $68,000 after buying an additional 1,318 shares during the last quarter. Finally, American National Bank boosted its holdings in shares of Plains All American Pipeline by 249.2% in the 2nd quarter. American National Bank now owns 4,358 shares of the pipeline company’s stock valued at $78,000 after buying 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 Down 0.6 %

Shares of PAA stock opened at $17.44 on Wednesday. The company has a market cap of $12.27 billion, a PE ratio of 15.57 and a beta of 1.64. 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 stock’s 50 day simple moving average is $17.48 and its two-hundred day simple moving average is $17.63. Plains All American Pipeline has a 1 year low of $14.87 and a 1 year high of $19.17.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. The company 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%. Plains All American Pipeline’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Research analysts predict that Plains All American Pipeline will post 1.24 earnings per share for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st were given a $0.3175 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.27 annualized dividend and a dividend yield of 7.28%. 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.