Plains All American Pipeline (NASDAQ:PAA) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Plains All American Pipeline (NASDAQ:PAAFree Report) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other equities analysts also recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday. Wall Street Zen upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

Get Our Latest Stock Analysis on Plains All American Pipeline

Plains All American Pipeline Stock Performance

PAA opened at $18.21 on Thursday. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $21.00. The stock has a market cap of $12.85 billion, a P/E ratio of 15.05 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.77.

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

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.

Further Reading

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