Plains All American Pipeline, L.P. (NYSE:PAA) Receives Average Rating of "Moderate Buy" from Brokerages

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.96.

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the company a "neutral" rating in a research report on Friday, March 1st. Truist Financial raised their price target on Plains All American Pipeline from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. Stifel Nicolaus raised their price target on Plains All American Pipeline from $18.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. StockNews.com upgraded Plains All American Pipeline from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 24th. Finally, Scotiabank began coverage on Plains All American Pipeline in a research report on Monday, April 8th. They set a "sector outperform" rating and a $23.00 price target on the stock.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock traded down $0.80 during trading on Tuesday, hitting $17.23. 3,367,953 shares of the stock traded hands, compared to its average volume of 3,425,910. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 12.40 and a beta of 1.59. The firm's fifty day moving average is $17.32 and its 200-day moving average is $16.12. Plains All American Pipeline has a 52 week low of $12.07 and a 52 week 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 EPS for the quarter, beating the consensus estimate of $0.36 by $0.06. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $14.30 billion. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The company's revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. Research analysts expect that Plains All American Pipeline will post 1.34 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.3175 dividend. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline's payout ratio is presently 91.37%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAA. Future Financial Wealth Managment LLC purchased a new position in shares of Plains All American Pipeline in the 1st quarter valued at approximately $28,000. CENTRAL TRUST Co raised its stake in Plains All American Pipeline by 212.5% during the third quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company's stock valued at $38,000 after buying an additional 1,700 shares during the last quarter. Fortitude Family Office LLC purchased a new position in Plains All American Pipeline during the fourth quarter valued at $39,000. Scarborough Advisors LLC purchased a new position in Plains All American Pipeline during the fourth quarter valued at $46,000. Finally, Briaud Financial Planning Inc purchased a new position in Plains All American Pipeline during the third quarter valued at $58,000. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, 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.