Plains All American Pipeline L.P. (NYSE:PAA) shares traded up 11.2% during trading on Tuesday . The company traded as high as $30.34 and last traded at $29.80, with a volume of 3,364,977 shares changing hands. The stock had previously closed at $26.80.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Plains All American Pipeline L.P. from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, July 5th. SunTrust Banks Inc. started coverage on Plains All American Pipeline L.P. in a research note on Tuesday, June 14th. They set a “neutral” rating and a $30.00 target price for the company. Royal Bank Of Canada increased their target price on Plains All American Pipeline L.P. from $20.00 to $22.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 31st. JPMorgan Chase & Co. restated a “hold” rating on shares of Plains All American Pipeline L.P. in a research note on Sunday, May 29th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $26.00 target price on shares of Plains All American Pipeline L.P. in a research note on Thursday, May 26th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $27.89.

The stock has a market capitalization of $11.79 billion and a P/E ratio of 59.78. The company’s 50 day moving average is $26.07 and its 200-day moving average is $22.87.

Plains All American Pipeline L.P. (NYSE:PAA) last announced its earnings results on Wednesday, May 4th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.37 by $0.08. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 30.8% on a year-over-year basis. Equities analysts predict that Plains All American Pipeline L.P. will post $1.22 earnings per share for the current fiscal year.

Several large investors recently made changes to their positions in the stock. Stephens Inc. AR increased its stake in shares of Plains All American Pipeline L.P. by 11.7% in the fourth quarter. Stephens Inc. AR now owns 87,572 shares of the company’s stock valued at $2,023,000 after buying an additional 9,191 shares in the last quarter. US Bancorp DE increased its stake in shares of Plains All American Pipeline L.P. by 2.0% in the fourth quarter. US Bancorp DE now owns 93,015 shares of the company’s stock valued at $2,149,000 after buying an additional 1,805 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of Plains All American Pipeline L.P. by 10.3% in the fourth quarter. Atlantic Trust Group LLC now owns 5,102,970 shares of the company’s stock valued at $117,879,000 after buying an additional 477,153 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Plains All American Pipeline L.P. by 361.1% in the fourth quarter. Bank of Montreal Can now owns 997,295 shares of the company’s stock valued at $23,038,000 after buying an additional 781,019 shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Plains All American Pipeline L.P. by 8.7% in the fourth quarter. Morgan Stanley now owns 6,662,143 shares of the company’s stock valued at $153,897,000 after buying an additional 531,636 shares in the last quarter.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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