Plains All American Pipeline Sees Unusually High Options Volume (NYSE:PAA)

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders purchased 6,184 call options on the stock. This is an increase of 55% compared to the average daily volume of 3,990 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Mizuho set a $22.00 price target on shares of Plains All American Pipeline and gave the stock an "outperform" rating in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. UBS Group reaffirmed a "buy" rating on shares of Plains All American Pipeline in a report on Friday, May 9th. Citigroup decreased their price target on Plains All American Pipeline from $21.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Wall Street Zen upgraded Plains All American Pipeline from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Plains All American Pipeline currently has a consensus rating of "Hold" and an average price target of $20.36.

Hedge Funds Weigh In On Plains All American Pipeline

Several large investors have recently modified their holdings of PAA. Farther Finance Advisors LLC raised its stake in shares of Plains All American Pipeline by 107.0% in the first 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 period. National Bank of Canada FI bought a new position in Plains All American Pipeline during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp raised its position in Plains All American Pipeline by 1,684.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after purchasing an additional 3,368 shares during the period. North Capital Inc. bought a new stake in Plains All American Pipeline in the first quarter worth about $61,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Plains All American Pipeline in the first quarter worth about $68,000. Institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Price Performance

Shares of PAA traded up $0.04 during mid-day trading on Thursday, hitting $18.43. 1,511,668 shares of the stock were exchanged, compared to its average volume of 3,806,917. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.92 and a current ratio of 1.01. The company has a market cap of $12.96 billion, a PE ratio of 25.25 and a beta of 0.66. Plains All American Pipeline has a 52-week low of $15.57 and a 52-week high of $21.00. The firm has a 50-day moving average of $17.42 and a two-hundred day moving average of $18.42.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last released 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 return on equity of 11.69% and a net margin of 1.54%. During the same period in the previous year, the business posted $0.41 earnings per share. Plains All American Pipeline's revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts predict that Plains All American Pipeline will post 1.52 earnings per share for the current year.

About Plains All American Pipeline

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.