Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have been given a consensus rating of “Hold” by the twenty-five analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $29.35.

Several equities research analysts recently issued reports on PAA shares. Guggenheim started coverage on Plains All American Pipeline, L.P. in a report on Monday, April 17th. They set a “neutral” rating and a $28.00 price target for the company. Wolfe Research reiterated a “market perform” rating on shares of Plains All American Pipeline, L.P. in a report on Friday, April 21st. Raymond James Financial, Inc. upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a report on Monday, May 22nd. They noted that the move was a valuation call. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Monday, July 10th. Finally, Stifel Nicolaus decreased their price target on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, May 10th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Good Life Advisors LLC increased its position in Plains All American Pipeline, L.P. by 0.4% in the second quarter. Good Life Advisors LLC now owns 11,191 shares of the pipeline company’s stock valued at $291,000 after buying an additional 42 shares during the last quarter. Comerica Bank increased its position in Plains All American Pipeline, L.P. by 0.7% in the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock valued at $239,000 after buying an additional 57 shares during the last quarter. Arcus Capital Partners LLC increased its position in Plains All American Pipeline, L.P. by 1.2% in the first quarter. Arcus Capital Partners LLC now owns 6,598 shares of the pipeline company’s stock valued at $209,000 after buying an additional 78 shares during the last quarter. Syntal Capital Partners LLC increased its position in Plains All American Pipeline, L.P. by 1.1% in the first quarter. Syntal Capital Partners LLC now owns 9,132 shares of the pipeline company’s stock valued at $288,000 after buying an additional 100 shares during the last quarter. Finally, CNH Partners LLC increased its position in Plains All American Pipeline, L.P. by 0.6% in the second quarter. CNH Partners LLC now owns 17,770 shares of the pipeline company’s stock valued at $467,000 after buying an additional 100 shares during the last quarter. Institutional investors own 43.94% of the company’s stock.

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Plains All American Pipeline, L.P. (PAA) opened at 20.49 on Tuesday. The company has a market capitalization of $14.85 billion, a PE ratio of 15.81 and a beta of 0.95. Plains All American Pipeline, L.P. has a 1-year low of $20.00 and a 1-year high of $33.95. The company has a 50 day moving average of $25.37 and a 200 day moving average of $28.43.

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 22.8% compared to the same quarter last year. On average, analysts predict that Plains All American Pipeline, L.P. will post $1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.20 annualized dividend and a dividend yield of 10.74%. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

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. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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

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