Plains All American Pipeline (NYSE:PAA) Upgraded at StockNews.com

Plains All American Pipeline (NYSE:PAA - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

A number of other research analysts also recently commented on PAA. Scotiabank lowered their price objective on shares of Plains All American Pipeline from $21.00 to $20.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Raymond James reissued a "strong-buy" rating on shares of Plains All American Pipeline in a research note on Friday, May 9th. Wells Fargo & Company downgraded shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating in a research note on Friday, May 9th. Morgan Stanley reiterated an "equal weight" rating and set a $23.00 price objective on shares of Plains All American Pipeline in a report on Friday, May 9th. Finally, Barclays restated an "underweight" rating and issued a $18.00 target price on shares of Plains All American Pipeline in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $20.50.

Plains All American Pipeline Stock Performance

Shares of Plains All American Pipeline stock opened at $17.06 on Tuesday. Plains All American Pipeline has a 12 month low of $15.58 and a 12 month high of $21.00. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.01 billion, a PE ratio of 23.37 and a beta of 0.70. The business has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $18.46.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data 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 return on equity of 11.69% and a net margin of 1.54%. During the same period in the previous year, the company earned $0.41 earnings per share. The business's quarterly revenue was up .1% on a year-over-year basis. On average, sell-side analysts anticipate that Plains All American Pipeline will post 1.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Plains All American Pipeline

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its position in shares of Plains All American Pipeline by 4.7% in the fourth quarter. Larson Financial Group LLC now owns 13,083 shares of the pipeline company's stock valued at $223,000 after purchasing an additional 583 shares during the period. Farther Finance Advisors LLC lifted its position in 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 worth $26,000 after acquiring an additional 657 shares during the last quarter. Capital Advisory Group Advisory Services LLC lifted its position in Plains All American Pipeline by 2.5% during the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 28,450 shares of the pipeline company's stock worth $569,000 after acquiring an additional 685 shares during the last quarter. Prossimo Advisors LLC boosted its holdings in Plains All American Pipeline by 6.6% during 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. grew its position 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 valued at $336,000 after purchasing an additional 766 shares during 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.

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