Plains All American Pipeline, L.P. (PAA) Getting Somewhat Favorable Press Coverage, Accern Reports
Media coverage about Plains All American Pipeline, L.P. (NYSE:PAA) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Plains All American Pipeline, L.P. earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned media stories about the pipeline company an impact score of 46.6323246101754 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Plains All American Pipeline L P : announces Director changes (4-traders.com)
- Plains All American Pipeline, L.P. (PAA) Given a $22.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Investors Focused Stock: Plains All American Pipeline, LP (NYSE:PAA), Century Aluminum Company (NASDAQ:CENX … – Market Breaking Point (press release) (journalfinance.net)
- Plains All American Pipeline, LP and Plains GP Holdings, LP Announce Director Changes – Business Wire (press release) (businesswire.com)
- Plains All American Pipeline, LP (PAA) Forming A Pattern Of Major Movements – StockNewsGazette (stocknewsgazette.com)
Plains All American Pipeline, L.P. (PAA) opened at 19.01 on Monday. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95. The company has a market cap of $13.78 billion, a P/E ratio of 14.67 and a beta of 0.95. The firm has a 50-day moving average price of $24.71 and a 200-day moving average price of $28.14.
Plains All American Pipeline, L.P. (NYSE:PAA) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.05. The firm had revenue of $6.08 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. Equities research analysts anticipate that Plains All American Pipeline, L.P. will post $1.50 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 11.57%. The ex-dividend date of this dividend was Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is presently 165.41%.
A number of equities research analysts recently commented on PAA shares. Scotiabank set a $36.00 price target on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research report on Saturday, July 22nd. Howard Weil lowered Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, August 8th. Stifel Nicolaus lowered their price target on Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. Barclays PLC reissued a “buy” rating and issued a $28.00 price target on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, August 9th. Finally, Raymond James Financial, Inc. raised Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research report on Monday, May 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. Plains All American Pipeline, L.P. currently has a consensus rating of “Hold” and an average price target of $29.82.
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.
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