Plains All American Pipeline, L.P. (NYSE:PAA) was downgraded by investment analysts at Howard Weil from a “sector outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts have also issued reports on PAA. UBS AG upgraded Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a research note on Monday, May 22nd. Stifel Nicolaus restated a “hold” rating and set a $30.00 price target on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, July 19th. Scotiabank set a $36.00 price target on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research note on Saturday, July 22nd. BidaskClub upgraded Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $28.00 price target (up from $27.00) on shares of Plains All American Pipeline, L.P. in a research note on Friday, July 21st. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Plains All American Pipeline, L.P. currently has an average rating of “Buy” and an average target price of $32.64.

Plains All American Pipeline, L.P. (PAA) opened at 25.20 on Tuesday. Plains All American Pipeline, L.P. has a one year low of $23.21 and a one year high of $33.95. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 23.42 and a beta of 0.95. The firm has a 50-day moving average price of $25.75 and a 200-day moving average price of $28.97.

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a net margin of 6.66% and a return on equity of 20.01%. The firm had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. The company’s revenue was up 22.8% on a year-over-year basis. On average, equities analysts predict that Plains All American Pipeline, L.P. will post $1.67 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. increased its position in shares of Plains All American Pipeline, L.P. by 0.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 33,341,100 shares of the pipeline company’s stock valued at $875,871,000 after buying an additional 255,459 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Plains All American Pipeline, L.P. by 4.9% in the second quarter. Alps Advisors Inc. now owns 30,612,374 shares of the pipeline company’s stock valued at $804,187,000 after buying an additional 1,416,441 shares during the last quarter. Morgan Stanley increased its position in shares of Plains All American Pipeline, L.P. by 37.2% in the first quarter. Morgan Stanley now owns 14,058,014 shares of the pipeline company’s stock valued at $444,373,000 after buying an additional 3,808,889 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Plains All American Pipeline, L.P. by 0.8% in the first quarter. Kayne Anderson Capital Advisors LP now owns 10,982,925 shares of the pipeline company’s stock valued at $347,165,000 after buying an additional 91,200 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Plains All American Pipeline, L.P. by 12.5% in the first quarter. UBS Group AG now owns 9,370,040 shares of the pipeline company’s stock valued at $296,187,000 after buying an additional 1,038,051 shares during the last quarter. 44.01% of the stock is currently owned by institutional investors and hedge funds.

About Plains All American Pipeline, L.P.

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. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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