Plains All American Pipeline (NASDAQ:PAA) Stock Rating Lowered by US Capital Advisors

Plains All American Pipeline (NASDAQ:PAA) was downgraded by research analysts at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on PAA. Morgan Stanley raised their target price on Plains All American Pipeline from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Royal Bank Of Canada increased their price target on Plains All American Pipeline from $20.00 to $21.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Truist Financial started coverage on Plains All American Pipeline in a research note on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price target for the company. Zacks Research cut Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Scotiabank increased their price target on Plains All American Pipeline from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.54.

Plains All American Pipeline Price Performance

Shares of NASDAQ:PAA opened at $22.43 on Friday. The firm has a market capitalization of $15.83 billion, a P/E ratio of 17.12, a P/E/G ratio of 10.44 and a beta of 0.51. Plains All American Pipeline has a 1 year low of $15.69 and a 1 year high of $24.26. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $22.24.

Plains All American Pipeline (NASDAQ:PAA) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The company had revenue of $12.47 billion for the quarter. Plains All American Pipeline had a return on equity of 12.17% and a net margin of 2.53%.Plains All American Pipeline’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, sell-side analysts anticipate that Plains All American Pipeline will post 1.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Plains All American Pipeline

A number of hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in shares of Plains All American Pipeline by 1.6% during the first quarter. D.A. Davidson & CO. now owns 28,439 shares of the company’s stock valued at $635,000 after acquiring an additional 453 shares during the last quarter. Summit Financial LLC raised its stake in Plains All American Pipeline by 1.0% in the fourth quarter. Summit Financial LLC now owns 61,265 shares of the company’s stock worth $1,100,000 after buying an additional 599 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Plains All American Pipeline by 40.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,263 shares of the company’s stock worth $41,000 after buying an additional 655 shares in the last quarter. Symphony Financial Services Inc. raised its stake in Plains All American Pipeline by 1.4% in the fourth quarter. Symphony Financial Services Inc. now owns 52,496 shares of the company’s stock worth $943,000 after buying an additional 715 shares in the last quarter. Finally, Sippican Capital Advisors raised its stake in Plains All American Pipeline by 2.4% in the fourth quarter. Sippican Capital Advisors now owns 32,800 shares of the company’s stock worth $589,000 after buying an additional 775 shares in the last quarter. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.