Jefferies Group Reiterates Buy Rating for Plains All American Pipeline (PAA)

Plains All American Pipeline (NYSE:PAA)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a report released on Friday. They presently have a $25.00 target price on the pipeline company’s stock. Jefferies Group’s price target points to a potential upside of 4.34% from the stock’s current price.

A number of other equities analysts have also weighed in on PAA. Seaport Global Securities initiated coverage on shares of Plains All American Pipeline in a report on Tuesday, October 10th. They issued a “neutral” rating and a $23.00 price objective for the company. Robert W. Baird set a $20.00 price objective on shares of Plains All American Pipeline and gave the stock a “hold” rating in a report on Thursday, October 12th. BMO Capital Markets set a $25.00 price objective on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus boosted their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $26.53.

Plains All American Pipeline (NYSE:PAA) opened at $23.96 on Friday. Plains All American Pipeline has a 1-year low of $18.38 and a 1-year high of $33.01. The firm has a market cap of $17,380.00, a P/E ratio of 27.86 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Plains All American Pipeline’s revenue was up 13.6% on a year-over-year basis. analysts anticipate that Plains All American Pipeline will post 1.14 earnings per share for the current year.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Adams Asset Advisors LLC increased its stake in shares of Plains All American Pipeline by 16.6% in the 4th quarter. Adams Asset Advisors LLC now owns 215,321 shares of the pipeline company’s stock worth $4,444,000 after purchasing an additional 30,709 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of Plains All American Pipeline by 33.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company’s stock worth $141,334,000 after purchasing an additional 1,668,416 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Plains All American Pipeline by 4.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,128,391 shares of the pipeline company’s stock worth $23,911,000 after purchasing an additional 47,404 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Plains All American Pipeline by 30.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 255,532 shares of the pipeline company’s stock worth $5,415,000 after purchasing an additional 59,632 shares in the last quarter. Finally, Institutional & Family Asset Management LLC increased its stake in shares of Plains All American Pipeline by 75.8% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 217,822 shares of the pipeline company’s stock worth $4,616,000 after purchasing an additional 93,916 shares in the last quarter. Hedge funds and other institutional investors own 43.41% of the company’s stock.

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Plains All American Pipeline 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.

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

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