Brokerages Set Plains All American Pipeline, L.P. (NYSE:PAA) PT at $20.45

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) has earned an average recommendation of "Hold" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $20.36.

A number of equities analysts have issued reports on PAA shares. UBS Group reiterated a "buy" rating on shares of Plains All American Pipeline in a research report on Friday, May 9th. Citigroup reduced their target price on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company cut shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Scotiabank reduced their price objective on shares of Plains All American Pipeline from $20.00 to $19.00 and set a "sector outperform" rating for the company in a research report on Thursday. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th.

Plains All American Pipeline Stock Performance

Shares of PAA stock traded up $0.26 during trading hours on Wednesday, hitting $17.08. The company's stock had a trading volume of 2,377,296 shares, compared to its average volume of 3,867,517. The stock has a market cap of $12.01 billion, a PE ratio of 23.40 and a beta of 0.66. Plains All American Pipeline has a 12-month low of $15.57 and a 12-month high of $21.00. The company has a 50 day moving average of $17.29 and a 200 day moving average of $18.41. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The pipeline company reported $0.39 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%. Plains All American Pipeline's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, sell-side analysts forecast that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 1st were given a dividend of $0.38 per share. The ex-dividend date was Thursday, May 1st. This represents a $1.52 dividend on an annualized basis and a yield of 8.90%. Plains All American Pipeline's payout ratio is 163.44%.

Institutional Trading of Plains All American Pipeline

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its position in shares of Plains All American Pipeline by 107.0% during the 1st quarter. Farther Finance Advisors LLC now owns 1,271 shares of the pipeline company's stock valued at $26,000 after acquiring an additional 657 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Plains All American Pipeline in the 4th quarter valued at about $27,000. National Bank of Canada FI purchased a new stake in shares of Plains All American Pipeline in the 4th quarter valued at approximately $27,000. Jones Financial Companies Lllp increased its holdings in shares of Plains All American Pipeline by 1,684.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after buying an additional 3,368 shares during the last quarter. Finally, North Capital Inc. acquired a new stake in shares of Plains All American Pipeline during the 1st quarter worth approximately $61,000. 41.78% of the stock is currently owned by hedge funds and other institutional investors.

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.