Plains All American Pipeline, L.P. (NYSE:PAA – Get Free Report) has received an average rating of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.82.
PAA has been the topic of several recent research reports. Bank of America assumed coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They issued a “neutral” rating and a $18.00 price target on the stock. UBS Group lifted their target price on Plains All American Pipeline from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $19.00 price target on shares of Plains All American Pipeline in a research note on Wednesday, September 4th. Finally, Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.00 to $19.00 in a report on Friday.
Check Out Our Latest Analysis on PAA
Institutional Investors Weigh In On Plains All American Pipeline
Plains All American Pipeline Price Performance
PAA stock opened at $16.93 on Tuesday. The business has a 50 day simple moving average of $17.55 and a 200-day simple moving average of $17.62. The company has a market capitalization of $11.87 billion, a P/E ratio of 15.39 and a beta of 1.60. Plains All American Pipeline has a twelve month low of $14.46 and a twelve month high of $19.17. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64.
Plains All American Pipeline (NYSE:PAA – Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. Plains All American Pipeline’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, equities analysts anticipate that Plains All American Pipeline will post 1.31 EPS for the current year.
Plains All American Pipeline Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 annualized dividend and a yield of 7.50%. Plains All American Pipeline’s payout ratio is currently 115.45%.
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.
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