Plains All American Pipeline, L.P. (PAA) Given Coverage Optimism Rating of 0.08
Media stories about Plains All American Pipeline, L.P. (NYSE:PAA) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Plains All American Pipeline, L.P. earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the pipeline company an impact score of 46.047175244488 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Plains All American Pipeline, L.P. (NYSE PAA) opened at 21.29 on Wednesday. Plains All American Pipeline, L.P. has a 52-week low of $18.82 and a 52-week high of $33.95. The stock has a market capitalization of $15.43 billion, a P/E ratio of 16.43 and a beta of 0.98. The firm’s 50-day moving average price is $21.14 and its 200-day moving average price is $25.78.
Plains All American Pipeline, L.P. (NYSE:PAA) last announced its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Equities analysts forecast that Plains All American Pipeline, L.P. will post $1.53 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 target price (up from $27.00) on shares of Plains All American Pipeline, L.P. in a research note on Friday, July 21st. Barclays PLC upgraded Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Tuesday, July 18th. Raymond James Financial, Inc. set a $24.00 price target on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a research note on Wednesday, August 9th. BMO Capital Markets decreased their price target on Plains All American Pipeline, L.P. from $31.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, August 18th. Finally, Robert W. Baird downgraded Plains All American Pipeline, L.P. from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $36.00 to $24.00 in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.23.
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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.
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