Plains All American Pipeline Lp (NASDAQ:PAA) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Plains All American Pipeline a consensus rating of "Hold" from 16 firms (2 sell, 7 hold, 5 buy, 2 strong buy) with an average 1‑year target of about $22.08.
• The company recently missed earnings (Q EPS $0.17 vs. $0.50 expected) with revenue down 12.2% year‑over‑year; analysts forecast roughly $1.83 EPS for the current fiscal year.
• Plains pays a sizable quarterly dividend of $0.4175 (annualized $1.67) for a 7.8% yield

Plains All American Pipeline Lp (NASDAQ:PAA - Get Free Report) has been given a consensus recommendation of "Hold" by the sixteen research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.0769.

PAA has been the topic of several recent research reports. Wall Street Zen cut Plains All American Pipeline from a "buy" rating to a "hold" rating in a research report on Sunday, January 4th. Morgan Stanley lifted their price objective on Plains All American Pipeline from $21.00 to $23.00 and gave the company an "equal weight" rating in a report on Wednesday, March 18th. Bank of America lowered Plains All American Pipeline from a "neutral" rating to an "underperform" rating and set a $19.00 price objective on the stock. in a report on Wednesday, January 28th. Royal Bank Of Canada lifted their price objective on Plains All American Pipeline from $20.00 to $21.00 and gave the company a "sector perform" rating in a report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Plains All American Pipeline in a report on Friday, April 17th.

Plains All American Pipeline Stock Up 0.2%

Shares of PAA stock opened at $21.51 on Friday. The firm has a market cap of $15.18 billion, a PE ratio of 12.96, a PEG ratio of 2.48 and a beta of 0.53. Plains All American Pipeline has a 52-week low of $15.69 and a 52-week high of $22.79. The firm has a 50-day moving average of $21.49. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.96 and a quick ratio of 0.92.

Plains All American Pipeline (NASDAQ:PAA - Get Free Report) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.33). Plains All American Pipeline had a net margin of 3.21% and a return on equity of 10.76%. The business's revenue was down 12.2% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. Analysts expect that Plains All American Pipeline will post 1.83 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 1st will be issued a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, May 1st. Plains All American Pipeline's payout ratio is currently 100.60%.

Institutional Investors Weigh In On Plains All American Pipeline

A number of institutional investors have recently added to or reduced their stakes in PAA. NewEdge Advisors LLC purchased a new stake in Plains All American Pipeline in the 1st quarter valued at approximately $260,000. Guggenheim Capital LLC boosted its holdings in Plains All American Pipeline by 5.9% in the 2nd quarter. Guggenheim Capital LLC now owns 46,288 shares of the company's stock valued at $848,000 after purchasing an additional 2,592 shares in the last quarter. First Trust Advisors LP boosted its holdings in Plains All American Pipeline by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 404,921 shares of the company's stock valued at $7,418,000 after purchasing an additional 16,096 shares in the last quarter. Glenview Trust co purchased a new stake in Plains All American Pipeline in the 2nd quarter valued at approximately $404,000. Finally, HUB Investment Partners LLC boosted its stake in shares of Plains All American Pipeline by 5.6% during the 2nd quarter. HUB Investment Partners LLC now owns 91,113 shares of the company's stock worth $1,669,000 after acquiring an additional 4,839 shares in the last quarter. 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.

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