Plains All American Pipeline, L.P. (NYSE:PAA) Receives Average Recommendation of "Hold" from Analysts

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has been given an average recommendation of "Hold" by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.40.

A number of equities analysts have recently issued reports on PAA shares. UBS Group reiterated a "buy" rating on shares of Plains All American Pipeline in a research note on Friday. Wells Fargo & Company lowered Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday. Raymond James reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday. Scotiabank cut their price target on shares of Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating on the stock in a report on Monday. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research report on Friday.

Plains All American Pipeline Stock Up 2.6%

Shares of Plains All American Pipeline stock traded up $0.45 on Friday, reaching $17.58. 2,865,922 shares of the company were exchanged, compared to its average volume of 3,108,480. Plains All American Pipeline has a 1-year low of $15.58 and a 1-year high of $21.00. The stock's 50 day moving average price is $18.28 and its 200-day moving average price is $18.44. The company has a market cap of $12.37 billion, a P/E ratio of 24.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its earnings results on Friday, May 9th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. The company's quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. As a group, equities analysts forecast that Plains All American Pipeline will post 1.52 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 8.65%. Plains All American Pipeline's dividend payout ratio is currently 163.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAA. Larson Financial Group LLC boosted its position in shares of Plains All American Pipeline by 4.7% during the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock worth $223,000 after purchasing an additional 583 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Plains All American Pipeline by 107.0% during the first quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock worth $26,000 after acquiring an additional 657 shares in the last quarter. Capital Advisory Group Advisory Services LLC grew its stake in Plains All American Pipeline by 2.5% in the first quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock valued at $569,000 after acquiring an additional 685 shares during the period. Prossimo Advisors LLC grew its stake in Plains All American Pipeline by 6.6% in the first quarter. Prossimo Advisors LLC now owns 12,343 shares of the pipeline company's stock valued at $247,000 after acquiring an additional 764 shares during the period. Finally, Financial Sense Advisors Inc. increased its holdings in shares of Plains All American Pipeline by 4.8% in the first quarter. Financial Sense Advisors Inc. now owns 16,793 shares of the pipeline company's stock worth $336,000 after acquiring an additional 766 shares in the last quarter. 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.