Plains All American Pipeline Lp (NASDAQ:PAA) Stock Has Consensus Target Price of $26.07 According to Brokerages

Shares of Plains All American Pipeline Lp (NASDAQ:PAA) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.27.

PAA has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Plains All American Pipeline from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Mizuho upped their price objective on Plains All American Pipeline from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, September 21st. Wall Street Zen cut Plains All American Pipeline from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Scotiabank restated an “outperform” rating and set a $28.00 target price on shares of Plains All American Pipeline in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada upped their target price on shares of Plains All American Pipeline from $23.00 to $26.00 and gave the stock a “sector perform” rating in a report on Monday, August 17th.

Plains All American Pipeline Trading Up 0.5%

Shares of NASDAQ PAA opened at $24.44 on Wednesday. The business has a 50 day simple moving average of $25.06 and a 200 day simple moving average of $23.06. Plains All American Pipeline has a 52 week low of $16.60 and a 52 week high of $26.98. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 10.16 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.10 and a current ratio of 1.09.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings data on Friday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.44). Plains All American Pipeline had a return on equity of 12.56% and a net margin of 4.81%. The firm had revenue of $15.17 billion for the quarter. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, research analysts predict that Plains All American Pipeline will post 1.47 earnings per share for the current fiscal year.

Plains All American Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 13th. Investors of record on Friday, October 30th were issued a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Friday, October 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 55.67%.

Institutional Trading of Plains All American Pipeline

Several large investors have recently added to or reduced their stakes in the company. NEOS Investment Management LLC increased its holdings in Plains All American Pipeline by 34.6% in the second quarter. NEOS Investment Management LLC now owns 774,913 shares of the company’s stock valued at $17,250,000 after purchasing an additional 199,296 shares during the last quarter. DV Trading LLC lifted its stake in Plains All American Pipeline by 148.1% in the first quarter. DV Trading LLC now owns 82,454 shares of the company’s stock valued at $1,841,000 after buying an additional 49,221 shares during the period. Mizuho Markets Americas LLC acquired a new position in Plains All American Pipeline in the first quarter valued at about $16,819,000. Tidal Investments LLC boosted its holdings in Plains All American Pipeline by 754.8% during the second quarter. Tidal Investments LLC now owns 87,636 shares of the company’s stock worth $1,951,000 after buying an additional 77,384 shares during the last quarter. Finally, Hengehold Capital Management LLC boosted its holdings in Plains All American Pipeline by 56.7% during the third quarter. Hengehold Capital Management LLC now owns 171,879 shares of the company’s stock worth $4,077,000 after buying an additional 62,188 shares during the last quarter. 41.78% of the stock is owned by institutional investors.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. is a midstream energy company focused on the transportation, storage, and marketing of crude oil and natural gas liquids (NGLs). Its infrastructure includes pipelines, gathering systems, storage facilities, and terminals. The company’s systems connect energy-producing regions with refineries and other markets, serving producers, refiners, and other energy customers. Its operations span the United States and Canada. Plains All American Pipeline operates as a master limited partnership and is listed under the ticker symbol PAA.