Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have been assigned an average rating of “Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $24.17.

PAA has been the topic of a number of recent research reports. Raymond James cut their target price on Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their target price on Plains All American Pipeline from $26.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, December 11th. TheStreet cut Plains All American Pipeline from a “b-” rating to a “c+” rating in a research note on Tuesday, October 8th. Robert W. Baird raised Plains All American Pipeline from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $22.00 to $21.00 in a research note on Monday, December 2nd. Finally, ValuEngine raised Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Friday, November 1st.

Several institutional investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. boosted its position in shares of Plains All American Pipeline by 5.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 39,904,482 shares of the pipeline company’s stock valued at $971,674,000 after buying an additional 2,014,541 shares during the last quarter. Alps Advisors Inc. boosted its position in shares of Plains All American Pipeline by 1.6% during the third quarter. Alps Advisors Inc. now owns 37,959,279 shares of the pipeline company’s stock valued at $787,655,000 after buying an additional 596,118 shares during the last quarter. Brookfield Asset Management Inc. boosted its position in shares of Plains All American Pipeline by 3.2% during the second quarter. Brookfield Asset Management Inc. now owns 14,283,205 shares of the pipeline company’s stock valued at $347,796,000 after buying an additional 446,655 shares during the last quarter. Chickasaw Capital Management LLC boosted its position in shares of Plains All American Pipeline by 8.9% during the fourth quarter. Chickasaw Capital Management LLC now owns 10,299,440 shares of the pipeline company’s stock valued at $189,407,000 after buying an additional 844,656 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Plains All American Pipeline by 10.6% during the third quarter. CIBC Private Wealth Group LLC now owns 7,522,899 shares of the pipeline company’s stock valued at $156,100,000 after buying an additional 723,778 shares during the last quarter. 52.14% of the stock is currently owned by institutional investors.

Shares of NYSE PAA traded up $0.03 during trading on Tuesday, reaching $18.61. The company had a trading volume of 3,601,701 shares, compared to its average volume of 4,012,156. Plains All American Pipeline has a 12-month low of $16.77 and a 12-month high of $25.27. The stock has a market cap of $13.50 billion, a PE ratio of 9.90 and a beta of 1.02. The business’s 50-day moving average is $18.15 and its 200 day moving average is $20.46. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 0.88.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $1.44 annualized dividend and a dividend yield of 7.74%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.

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

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