Plains All American Pipeline (NASDAQ:PAA) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Plains All American Pipeline (NASDAQ:PAAFree Report) from a buy rating to a hold rating in a research note published on Sunday.

PAA has been the subject of several other research reports. Zacks Research upgraded Plains All American Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Plains All American Pipeline in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Check Out Our Latest Research Report on Plains All American Pipeline

Plains All American Pipeline Stock Performance

Shares of NASDAQ:PAA opened at $18.21 on Friday. Plains All American Pipeline has a 52 week low of $15.57 and a 52 week high of $21.00. The stock has a market capitalization of $12.85 billion, a P/E ratio of 15.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 1.01.

Plains All American Pipeline (NASDAQ:PAAGet Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter. The business had revenue of $11.58 billion during the quarter. Plains All American Pipeline had a return on equity of 11.04% and a net margin of 2.42%.

Plains All American Pipeline News Summary

Here are the key news stories impacting Plains All American Pipeline this week:

Plains All American Pipeline Company Profile

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Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.

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