Plains All American Pipeline (NASDAQ:PAA) Stock Rating Lowered by US Capital Advisors

Plains All American Pipeline (NASDAQ:PAA) was downgraded by research analysts at US Capital Advisors from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Plains All American Pipeline from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. UBS Group restated a “buy” rating on shares of Plains All American Pipeline in a report on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Truist Financial started coverage on shares of Plains All American Pipeline in a report on Tuesday, March 24th. They issued a “buy” rating and a $23.00 price objective on the stock. Finally, Citigroup upped their price objective on shares of Plains All American Pipeline from $20.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.54.

Plains All American Pipeline Stock Performance

Shares of PAA opened at $22.43 on Friday. The stock has a market capitalization of $15.83 billion, a PE ratio of 17.12, a PEG ratio of 10.44 and a beta of 0.51. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. Plains All American Pipeline has a fifty-two week low of $15.69 and a fifty-two week high of $24.26. The business has a 50-day simple moving average of $22.24.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). The business had revenue of $12.47 billion during the quarter. Plains All American Pipeline had a return on equity of 12.17% and a net margin of 2.53%.The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 EPS. Equities research analysts predict that Plains All American Pipeline will post 1.56 EPS for the current year.

Institutional Investors Weigh In On Plains All American Pipeline

A number of institutional investors have recently made changes to their positions in the company. Texas Yale Capital Corp. boosted its holdings in Plains All American Pipeline by 10.4% in the third quarter. Texas Yale Capital Corp. now owns 637,343 shares of the company’s stock worth $10,873,000 after purchasing an additional 60,000 shares during the last quarter. Citigroup Inc. boosted its holdings in Plains All American Pipeline by 17.8% in the third quarter. Citigroup Inc. now owns 535,200 shares of the company’s stock worth $9,131,000 after purchasing an additional 80,788 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Plains All American Pipeline by 15.5% in the third quarter. JPMorgan Chase & Co. now owns 7,198,958 shares of the company’s stock worth $122,814,000 after purchasing an additional 967,059 shares during the last quarter. Berkley W R Corp bought a new position in Plains All American Pipeline in the third quarter worth approximately $32,871,000. Finally, Symphony Financial Services Inc. bought a new position in Plains All American Pipeline in the third quarter worth approximately $883,000. Hedge funds and other institutional investors own 41.78% of the company’s stock.

Plains All American Pipeline Company Profile

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.