Plains All American Pipeline (NYSE:PAA) Price Target Raised to $22.00 at Stifel Nicolaus

Plains All American Pipeline (NYSE:PAA - Get Free Report) had its price target hoisted by investment analysts at Stifel Nicolaus from $18.00 to $22.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the pipeline company's stock. Stifel Nicolaus' target price indicates a potential upside of 27.46% from the company's current price.

A number of other brokerages have also recently issued reports on PAA. The Goldman Sachs Group upped their price objective on Plains All American Pipeline from $14.50 to $16.00 and gave the stock a "sell" rating in a research note on Friday. Truist Financial increased their price target on Plains All American Pipeline from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Scotiabank started coverage on Plains All American Pipeline in a research note on Monday, April 8th. They issued a "sector outperform" rating and a $23.00 price target on the stock. Citigroup increased their price target on Plains All American Pipeline from $16.50 to $17.50 and gave the company a "neutral" rating in a research note on Friday, March 1st. Finally, StockNews.com upgraded Plains All American Pipeline from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.96.

Plains All American Pipeline Stock Down 1.4 %

NYSE PAA traded down $0.25 during trading on Tuesday, hitting $17.26. The stock had a trading volume of 6,695,210 shares, compared to its average volume of 3,365,786. The company has a market capitalization of $12.10 billion, a PE ratio of 12.42 and a beta of 1.59. The company's 50-day moving average price is $16.91 and its two-hundred day moving average price is $15.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. Plains All American Pipeline has a 12 month low of $12.07 and a 12 month high of $19.03.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The company had revenue of $12.70 billion for the quarter, compared to analysts' expectations of $14.30 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business's revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Plains All American Pipeline will post 1.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hennessy Advisors Inc. grew its holdings in shares of Plains All American Pipeline by 5.0% during the 1st quarter. Hennessy Advisors Inc. now owns 416,426 shares of the pipeline company's stock worth $7,312,000 after purchasing an additional 20,000 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in shares of Plains All American Pipeline during the 1st quarter worth $28,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of Plains All American Pipeline during the 1st quarter worth $402,000. F&V Capital Management LLC grew its holdings in shares of Plains All American Pipeline by 12.2% during the 1st quarter. F&V Capital Management LLC now owns 22,000 shares of the pipeline company's stock worth $386,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its holdings in shares of Plains All American Pipeline by 4.2% during the 1st quarter. Miller Howard Investments Inc. NY now owns 2,499,924 shares of the pipeline company's stock worth $43,899,000 after purchasing an additional 99,915 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.