Plains All American Pipeline - PAA Stock Forecast, Price & News

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

Plains All American Pipeline Trading Down 0.9 %

Shares of NYSE:PAA traded down $0.10 on Monday, reaching $11.10. 5,395,172 shares of the company traded hands, compared to its average volume of 5,524,154. The business's 50-day simple moving average is $10.60 and its 200 day simple moving average is $10.75. Plains All American Pipeline has a 52 week low of $8.64 and a 52 week high of $12.10. The stock has a market capitalization of $7.83 billion, a P/E ratio of 13.40 and a beta of 1.79. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

Plains All American Pipeline (NYSE:PAA - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. Plains All American Pipeline had a return on equity of 9.77% and a net margin of 1.36%. During the same quarter in the previous year, the company earned $0.23 EPS. As a group, equities analysts anticipate that Plains All American Pipeline will post 1.11 EPS for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be paid a $0.2175 dividend. The ex-dividend date is Thursday, July 28th. This represents a $0.87 annualized dividend and a dividend yield of 7.84%. Plains All American Pipeline's payout ratio is presently 106.10%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAA shares. TheStreet upgraded Plains All American Pipeline from a "c" rating to a "b-" rating in a research report on Thursday. Morgan Stanley increased their price objective on Plains All American Pipeline from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 26th. Bank of America upgraded Plains All American Pipeline from an "underperform" rating to a "neutral" rating and set a $12.00 price objective on the stock in a research report on Tuesday, July 19th. Seaport Res Ptn upgraded Plains All American Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, August 1st. Finally, Credit Suisse Group upgraded Plains All American Pipeline from a "neutral" rating to an "outperform" rating and raised their price target for the company from $13.00 to $14.00 in a research report on Thursday, May 12th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Plains All American Pipeline currently has a consensus rating of "Moderate Buy" and an average target price of $14.27.

Insider Buying and Selling

In other Plains All American Pipeline news, Director Kevin S. Mccarthy bought 200,000 shares of the business's stock in a transaction that occurred on Thursday, June 23rd. The shares were bought at an average cost of $9.81 per share, with a total value of $1,962,000.00. Following the completion of the purchase, the director now directly owns 200,000 shares of the company's stock, valued at $1,962,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.69% of the stock is owned by insiders.