Plains All American Pipeline, L.P. (NYSE:PAA)‘s stock had its “buy” rating reissued by stock analysts at Barclays PLC in a report issued on Wednesday. They currently have a $28.00 price objective on the pipeline company’s stock. Barclays PLC’s target price points to a potential upside of 37.80% from the stock’s previous close.

PAA has been the subject of a number of other research reports. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Plains All American Pipeline, L.P. in a report on Tuesday. Raymond James Financial, Inc. set a $24.00 price target on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a report on Wednesday. Wolfe Research reaffirmed a “market perform” rating on shares of Plains All American Pipeline, L.P. in a report on Friday, April 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price target on shares of Plains All American Pipeline, L.P. in a report on Wednesday, July 19th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $36.00 price target on shares of Plains All American Pipeline, L.P. in a report on Thursday, April 27th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.45.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded up 3.371% during trading on Wednesday, reaching $21.005. The company’s stock had a trading volume of 8,963,017 shares. The stock’s 50-day moving average is $25.84 and its 200-day moving average is $28.90. Plains All American Pipeline, L.P. has a 12-month low of $20.20 and a 12-month high of $33.95. The stock has a market cap of $15.22 billion, a P/E ratio of 19.521 and a beta of 0.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 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 4.42% and a return on equity of 10.46%. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post $1.63 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of PAA. CAPROCK Group Inc. raised its position in shares of Plains All American Pipeline, L.P. by 10.5% in the first quarter. CAPROCK Group Inc. now owns 19,243 shares of the pipeline company’s stock valued at $608,000 after buying an additional 1,831 shares during the last quarter. Rothschild Investment Corp IL raised its position in shares of Plains All American Pipeline, L.P. by 1.7% in the first quarter. Rothschild Investment Corp IL now owns 96,925 shares of the pipeline company’s stock valued at $3,064,000 after buying an additional 1,650 shares during the last quarter. Huntington National Bank raised its position in shares of Plains All American Pipeline, L.P. by 101.0% in the first quarter. Huntington National Bank now owns 62,059 shares of the pipeline company’s stock valued at $1,961,000 after buying an additional 31,187 shares during the last quarter. Bollard Group LLC raised its position in shares of Plains All American Pipeline, L.P. by 12.1% in the first quarter. Bollard Group LLC now owns 326,759 shares of the pipeline company’s stock valued at $10,329,000 after buying an additional 35,321 shares during the last quarter. Finally, Coastline Trust Co raised its position in shares of Plains All American Pipeline, L.P. by 2.8% in the first quarter. Coastline Trust Co now owns 14,510 shares of the pipeline company’s stock valued at $458,000 after buying an additional 400 shares during the last quarter. 44.01% of the stock is currently owned by institutional investors.

Plains All American Pipeline, L.P. Company Profile

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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