Plains All American Pipeline (NYSE:PAA) had its target price reduced by Royal Bank of Canada from $26.00 to $20.00 in a research report sent to investors on Wednesday morning, The Fly reports. They currently have a sector perform rating on the pipeline company’s stock.

A number of other equities analysts have also recently commented on the company. Robert W. Baird upgraded Plains All American Pipeline from a neutral rating to an outperform rating and dropped their target price for the stock from $22.00 to $21.00 in a report on Monday, December 2nd. Barclays reiterated a hold rating and issued a $24.00 target price on shares of Plains All American Pipeline in a report on Wednesday, October 16th. ValuEngine upgraded Plains All American Pipeline from a sell rating to a hold rating in a report on Friday, November 1st. Bank of America dropped their target price on Plains All American Pipeline from $27.00 to $25.00 and set a buy rating for the company in a report on Wednesday, October 23rd. Finally, Raymond James dropped their target price on Plains All American Pipeline from $29.00 to $27.00 and set a strong-buy rating for the company in a report on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Plains All American Pipeline has a consensus rating of Buy and a consensus target price of $24.64.

Shares of Plains All American Pipeline stock traded up $0.20 on Wednesday, reaching $17.73. The company had a trading volume of 55,440 shares, compared to its average volume of 3,733,145. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 9.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.96 and a quick ratio of 0.79. The firm’s 50-day moving average price is $17.97 and its two-hundred day moving average price is $21.32. Plains All American Pipeline has a 1 year low of $16.77 and a 1 year high of $25.27.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, November 5th. The pipeline company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $8.05 billion. Plains All American Pipeline had a return on equity of 21.05% and a net margin of 8.95%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, analysts anticipate that Plains All American Pipeline will post 2.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date was Wednesday, October 30th. Plains All American Pipeline’s dividend payout ratio is currently 76.60%.

Hedge funds have recently modified their holdings of the stock. Atwater Malick LLC bought a new stake in shares of Plains All American Pipeline during the 3rd quarter worth approximately $25,000. Garrett Wealth Advisory Group LLC bought a new stake in shares of Plains All American Pipeline during the 3rd quarter worth approximately $26,000. Paragon Capital Management LLC lifted its stake in shares of Plains All American Pipeline by 136.0% during the 2nd quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 816 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of Plains All American Pipeline during the 3rd quarter worth approximately $32,000. Finally, MCF Advisors LLC bought a new stake in shares of Plains All American Pipeline during the 2nd quarter worth approximately $40,000. 52.17% of the stock is owned by hedge funds and other institutional investors.

About Plains All American Pipeline

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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The Fly

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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