BMO Capital Markets upgraded shares of Plains All American Pipeline, L.P. (NYSE:PAA) from a market perform rating to an outperform rating in a report issued on Monday morning. They currently have $25.00 price objective on the pipeline company’s stock.

A number of other equities analysts have also issued reports on PAA. UBS AG reissued a buy rating and issued a $33.00 price objective (down from $34.00) on shares of Plains All American Pipeline, L.P. in a report on Wednesday, May 10th. Raymond James Financial, Inc. set a $24.00 target price on Plains All American Pipeline, L.P. and gave the stock a buy rating in a research report on Wednesday, August 9th. BidaskClub downgraded Plains All American Pipeline, L.P. from a hold rating to a sell rating in a research report on Thursday, August 10th. Stifel Nicolaus cut their target price on Plains All American Pipeline, L.P. from $30.00 to $26.00 and set a hold rating for the company in a research report on Tuesday, August 8th. Finally, Howard Weil downgraded Plains All American Pipeline, L.P. from a sector outperform rating to a sector perform rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Plains All American Pipeline, L.P. currently has a consensus rating of Hold and an average price target of $29.22.

Shares of Plains All American Pipeline, L.P. (PAA) opened at 20.49 on Monday. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 15.81 and a beta of 0.95. The stock’s 50 day moving average price is $23.85 and its 200-day moving average price is $27.71. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the company earned ($0.12) earnings per share. The business’s quarterly revenue was up 22.8% compared to the same quarter last year. Equities analysts anticipate that Plains All American Pipeline, L.P. will post $1.49 earnings per share for the current fiscal year.

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

Hedge funds have recently added to or reduced their stakes in the stock. WFG Advisors LP raised its stake in Plains All American Pipeline, L.P. by 24.9% in the second quarter. WFG Advisors LP now owns 66,841 shares of the pipeline company’s stock worth $1,756,000 after buying an additional 13,304 shares during the last quarter. Toronto Dominion Bank raised its stake in Plains All American Pipeline, L.P. by 6.7% in the second quarter. Toronto Dominion Bank now owns 306,235 shares of the pipeline company’s stock worth $8,043,000 after buying an additional 19,100 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $693,000. Advisory Services Network LLC raised its stake in Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after buying an additional 223 shares during the last quarter. Finally, BB&T Investment Services Inc. acquired a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $108,000. Institutional investors own 42.08% of the company’s stock.

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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