An issue of Plains All American Pipeline, L.P. (NYSE:PAA) debt rose 0.6% against its face value during trading on Friday. The debt issue has a 4.9% coupon and will mature on February 15, 2045. The debt is now trading at $94.27 and was trading at $92.83 one week ago. Price moves in a company’s debt in credit markets often predict parallel moves in its stock price.

Several analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Plains All American Pipeline from $26.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, June 1st. ValuEngine downgraded shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Bank of America upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, July 18th. Stifel Nicolaus upped their price objective on shares of Plains All American Pipeline from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank began coverage on shares of Plains All American Pipeline in a research report on Thursday, April 19th. They set a “buy” rating and a $29.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $26.20.

Shares of Plains All American Pipeline traded up $0.43, reaching $27.27, during trading hours on Friday, according to MarketBeat.com. The company had a trading volume of 16,525,844 shares, compared to its average volume of 2,623,139. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $19.47 billion, a PE ratio of 29.01, a P/E/G ratio of 2.17 and a beta of 0.81. Plains All American Pipeline, L.P. has a 12-month low of $18.38 and a 12-month high of $27.70.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.15. The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $8.18 billion. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.73%. research analysts anticipate that Plains All American Pipeline, L.P. will post 1.59 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 14th. Stockholders of record on Tuesday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Monday, July 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.40%. Plains All American Pipeline’s dividend payout ratio is presently 127.66%.

Several institutional investors and hedge funds have recently made changes to their positions in PAA. W.G. Shaheen & Associates DBA Whitney & Co purchased a new position in shares of Plains All American Pipeline in the 1st quarter valued at about $108,000. FTB Advisors Inc. grew its stake in Plains All American Pipeline by 97.8% in the 1st quarter. FTB Advisors Inc. now owns 5,695 shares of the pipeline company’s stock valued at $125,000 after acquiring an additional 2,816 shares during the last quarter. Stuart Chaussee & Associates Inc. acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at about $162,000. American National Registered Investment Advisor Inc. acquired a new stake in Plains All American Pipeline in the 1st quarter valued at about $200,000. Finally, Penn Davis Mcfarland Inc. acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at about $201,000. Institutional investors and hedge funds own 45.56% of the company’s stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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