Plains All American Pipeline (NYSE:PAA) PT Raised to $22.00 at Stifel Nicolaus

Plains All American Pipeline (NYSE:PAA) had its target price boosted by analysts at Stifel Nicolaus from $18.00 to $22.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 26.73% from the stock’s previous close.

PAA has been the subject of several other research reports. StockNews.com upgraded Plains All American Pipeline from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 22nd. Truist Financial increased their price objective on Plains All American Pipeline from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Citigroup increased their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Scotiabank began coverage on Plains All American Pipeline in a research report on Monday, April 8th. They issued a “sector outperform” rating and a $23.00 price objective for the company. Finally, UBS Group increased their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.96.

Plains All American Pipeline Trading Up 0.6 %

NYSE:PAA opened at $17.36 on Tuesday. The firm has a market cap of $12.17 billion, a P/E ratio of 12.49 and a beta of 1.59. The company has a current ratio of 0.98, a quick ratio of 0.87 and a debt-to-equity ratio of 0.64. The stock’s 50 day simple moving average is $16.95 and its 200-day simple moving average is $15.92. Plains All American Pipeline has a 12-month low of $12.07 and a 12-month high of $19.03.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Friday, February 9th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $14.30 billion. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 earnings per share. Equities analysts anticipate that Plains All American Pipeline will post 1.25 EPS for the current year.

Institutional Trading of Plains All American Pipeline

A number of hedge funds have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. boosted its stake in Plains All American Pipeline by 5.0% in the 1st quarter. Hennessy Advisors Inc. now owns 416,426 shares of the pipeline company’s stock worth $7,312,000 after buying an additional 20,000 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of Plains All American Pipeline in the 1st quarter valued at about $28,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Plains All American Pipeline in the 1st quarter valued at about $402,000. F&V Capital Management LLC lifted its stake in shares of Plains All American Pipeline by 12.2% in the 1st quarter. F&V Capital Management LLC now owns 22,000 shares of the pipeline company’s stock valued at $386,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Miller Howard Investments Inc. NY lifted its stake in shares of Plains All American Pipeline by 4.2% in the 1st quarter. Miller Howard Investments Inc. NY now owns 2,499,924 shares of the pipeline company’s stock valued at $43,899,000 after purchasing an additional 99,915 shares in the last quarter. 41.78% of the stock is owned by institutional investors and hedge funds.

Plains All American Pipeline Company Profile

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.