Plains All American Pipeline (NYSE:PAA) Shares Pass Above 200-Day Moving Average – Time to Sell?

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.52 and traded as high as $18.28. Plains All American Pipeline shares last traded at $18.21, with a volume of 2,522,122 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have commented on PAA shares. Morgan Stanley raised their price objective on Plains All American Pipeline from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Barclays decreased their price target on shares of Plains All American Pipeline from $18.00 to $17.00 and set an “underweight” rating for the company in a report on Tuesday, October 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $22.00 price objective (down from $24.00) on shares of Plains All American Pipeline in a research report on Friday, October 24th. JPMorgan Chase & Co. cut their target price on shares of Plains All American Pipeline from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, September 18th. Finally, Scotiabank decreased their target price on shares of Plains All American Pipeline from $20.00 to $19.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.60.

Plains All American Pipeline Stock Up 1.4%

The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 24.95 and a beta of 0.59. The business has a fifty day moving average of $17.27 and a 200 day moving average of $17.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same period in the previous year, the firm earned $0.37 earnings per share. Plains All American Pipeline’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Plains All American Pipeline, L.P. will post 1.52 earnings per share for the current year.

Hedge Funds Weigh In On Plains All American Pipeline

Several hedge funds have recently bought and sold shares of PAA. Blue Trust Inc. lifted its position in shares of Plains All American Pipeline by 76.1% in the second quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after buying an additional 761 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Plains All American Pipeline during the 3rd quarter valued at about $33,000. Caldwell Trust Co bought a new position in shares of Plains All American Pipeline in the 3rd quarter valued at approximately $38,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Plains All American Pipeline in the 2nd quarter worth approximately $40,000. Finally, Atwood & Palmer Inc. acquired a new stake in Plains All American Pipeline in the 2nd quarter worth approximately $42,000. 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. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.