Plains All American Pipeline (NASDAQ:PAA) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Plains All American Pipeline (NASDAQ:PAA) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Plains All American Pipeline in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Plains All American Pipeline Stock Up 0.6%

Plains All American Pipeline stock opened at $17.87 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt-to-equity ratio of 0.77. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 11.39 and a beta of 0.59. Plains All American Pipeline has a fifty-two week low of $15.57 and a fifty-two week high of $21.00.

Plains All American Pipeline (NASDAQ:PAA) last announced its earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $11.58 billion during the quarter. Plains All American Pipeline had a return on equity of 11.04% and a net margin of 2.42%.

About Plains All American Pipeline

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.