Investors bought shares of Plains All American Pipeline, L.P. (NYSE:PAA) on weakness during trading hours on Friday. $50.15 million flowed into the stock on the tick-up and $11.45 million flowed out of the stock on the tick-down, for a money net flow of $38.70 million into the stock. Of all companies tracked, Plains All American Pipeline, L.P. had the 25th highest net in-flow for the day. Plains All American Pipeline, L.P. traded down ($0.01) for the day and closed at $21.19

A number of research firms have commented on PAA. Jefferies Group LLC restated a “buy” rating and issued a $24.00 price objective (up from $20.19) on shares of Plains All American Pipeline, L.P. in a research note on Monday, August 28th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Monday, July 10th. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Barclays PLC restated a “buy” rating and issued a $28.00 price objective on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.23.

The company has a 50 day moving average price of $21.61 and a 200-day moving average price of $26.52. The company has a market cap of $15.36 billion, a PE ratio of 16.35 and a beta of 0.99.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The firm’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) EPS. On average, analysts forecast that Plains All American Pipeline, L.P. will post $1.59 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter valued at about $108,000. IHT Wealth Management LLC acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter valued at about $118,000. Advisory Services Network LLC increased its stake in Plains All American Pipeline, L.P. by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares during the period. Pathstone Family Office LLC acquired a new position in Plains All American Pipeline, L.P. during the 2nd quarter valued at about $127,000. Finally, Princeton Portfolio Strategies Group LLC acquired a new position in Plains All American Pipeline, L.P. during the 1st quarter valued at about $153,000. 42.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Plains All American Pipeline, L.P.

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.

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