Plains All American Pipeline, L.P. (NYSE:PAA) Receives $19.64 Consensus Price Target from Brokerages

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.64.

PAA has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, June 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research note on Wednesday, September 4th. Finally, UBS Group upped their price objective on shares of 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.

Plains All American Pipeline Price Performance

NYSE:PAA opened at $17.37 on Monday. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 11.66 and a beta of 1.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average is $18.01 and its two-hundred day moving average is $17.53. Plains All American Pipeline has a 12-month low of $14.25 and a 12-month high of $19.17.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Friday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $12.93 billion for the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. Research analysts expect that Plains All American Pipeline will post 1.3 EPS for the current year.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Wednesday, July 31st were given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date was Wednesday, July 31st. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.

Institutional Trading of Plains All American Pipeline

Institutional investors and hedge funds have recently bought and sold shares of the business. ORG Partners LLC boosted its holdings in Plains All American Pipeline by 78.5% in the 2nd quarter. ORG Partners LLC now owns 1,660 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 730 shares during the period. Covenant Asset Management LLC boosted its holdings in Plains All American Pipeline by 3.7% in the 1st quarter. Covenant Asset Management LLC now owns 22,036 shares of the pipeline company’s stock worth $387,000 after acquiring an additional 795 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Plains All American Pipeline by 16.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,094 shares of the pipeline company’s stock worth $109,000 after acquiring an additional 856 shares during the period. Private Advisor Group LLC boosted its holdings in Plains All American Pipeline by 0.9% in the 2nd quarter. Private Advisor Group LLC now owns 106,845 shares of the pipeline company’s stock worth $1,908,000 after acquiring an additional 927 shares during the period. Finally, First National Trust Co boosted its holdings in Plains All American Pipeline by 10.1% in the 4th quarter. First National Trust Co now owns 11,277 shares of the pipeline company’s stock worth $171,000 after acquiring an additional 1,038 shares during the period. Institutional investors and hedge funds own 41.78% of the company’s stock.

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.