Plains All American Pipeline L.P. (NYSE:PAA) had its price objective raised by Howard Weil from $28.00 to $36.00 in a report issued on Monday morning. Howard Weil currently has a sector outperform rating on the stock.

A number of other research firms also recently commented on PAA. Deutsche Bank AG raised shares of Plains All American Pipeline L.P. from a hold rating to a buy rating and lifted their price objective for the stock from $31.00 to $37.00 in a report on Monday. Morgan Stanley raised shares of Plains All American Pipeline L.P. from an equal weight rating to an overweight rating and lifted their price objective for the stock from $33.00 to $37.00 in a report on Tuesday, October 4th. Wells Fargo & Co. raised shares of Plains All American Pipeline L.P. from a market perform rating to an outperform rating in a report on Wednesday, October 5th. RBC Capital Markets reaffirmed a sector perform rating and issued a $29.00 price objective (up previously from $22.00) on shares of Plains All American Pipeline L.P. in a report on Wednesday, August 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of Plains All American Pipeline L.P. from $22.00 to $29.00 and gave the stock a sector perform rating in a report on Wednesday, August 17th. Twenty-two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $29.60.

Shares of Plains All American Pipeline L.P. (NYSE:PAA) traded down 1.50% during trading on Monday, hitting $32.08. 230,553 shares of the stock were exchanged. The stock has a market cap of $12.76 billion, a P/E ratio of 91.92 and a beta of 0.91. The stock has a 50-day moving average of $29.21 and a 200 day moving average of $26.45. Plains All American Pipeline L.P. has a 12-month low of $14.82 and a 12-month high of $33.00.

Plains All American Pipeline L.P. (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm earned $4.95 billion during the quarter, compared to the consensus estimate of $5.24 billion. Plains All American Pipeline L.P. had a net margin of 3.30% and a return on equity of 10.88%. The firm’s revenue was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. Equities analysts predict that Plains All American Pipeline L.P. will post $1.03 earnings per share for the current fiscal year.

In other news, EVP John Vonberg sold 35,410 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $29.95, for a total value of $1,060,529.50. Following the transaction, the executive vice president now owns 122,359 shares in the company, valued at approximately $3,664,652.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO W David Duckett sold 17,333 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $29.76, for a total value of $515,830.08. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. MCF Advisors LLC increased its position in shares of Plains All American Pipeline L.P. by 2.4% in the second quarter. MCF Advisors LLC now owns 3,714 shares of the company’s stock worth $102,000 after buying an additional 87 shares in the last quarter. Financial Architects Inc increased its position in shares of Plains All American Pipeline L.P. by 88.2% in the second quarter. Financial Architects Inc now owns 4,117 shares of the company’s stock worth $113,000 after buying an additional 1,930 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Plains All American Pipeline L.P. by 31.7% in the third quarter. Advisory Services Network LLC now owns 4,162 shares of the company’s stock worth $131,000 after buying an additional 1,002 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of Plains All American Pipeline L.P. by 115.9% in the second quarter. Sunbelt Securities Inc. now owns 4,831 shares of the company’s stock worth $133,000 after buying an additional 2,593 shares in the last quarter. Finally, Barnett & Company Inc. acquired a new position in shares of Plains All American Pipeline L.P. during the first quarter worth $142,000. Institutional investors own 65.95% 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. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

5 Day Chart for NYSE:PAA

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