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.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Mizuho upped their price target on Plains All American Pipeline from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday. Wolfe Research downgraded Plains All American Pipeline from an "outperform" rating to a "peer perform" rating in a report on Monday, August 1st. Barclays cut their price target on Plains All American Pipeline from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th. UBS Group increased their price target on Plains All American Pipeline from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, August 4th. Finally, TheStreet raised Plains All American Pipeline from a "c" rating to a "b-" rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.27.

Plains All American Pipeline Price Performance

Shares of NYSE:PAA remained flat at $11.56 during midday trading on Friday. 22,549 shares of the company's stock were exchanged, compared to its average volume of 4,833,418. The company's 50 day moving average price is $10.58 and its 200-day moving average price is $10.77. The stock has a market capitalization of $8.15 billion, a PE ratio of 14.10 and a beta of 1.79. Plains All American Pipeline has a 12-month low of $8.64 and a 12-month high of $12.10. 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 issued its quarterly earnings data on Wednesday, August 3rd. The pipeline company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. Plains All American Pipeline had a net margin of 1.36% and a return on equity of 9.77%. During the same period in the previous year, the business earned $0.23 EPS. On average, equities research analysts anticipate that Plains All American Pipeline will post 1.11 EPS for the current year.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Friday, July 29th will be issued a $0.2175 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.87 annualized dividend and a yield of 7.53%. Plains All American Pipeline's payout ratio is 106.10%.

Insider Activity at Plains All American Pipeline

In other news, Director Kevin S. Mccarthy bought 200,000 shares of the company's stock in a transaction that occurred on Thursday, June 23rd. The shares were acquired at an average price of $9.81 per share, for a total transaction of $1,962,000.00. Following the completion of the acquisition, the director now directly owns 200,000 shares in the company, valued at $1,962,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.69% of the stock is owned by company insiders.