Plains All American Pipeline, L.P. (NYSE:PAA) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

PAA has been the subject of a number of other research reports. Mizuho raised Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 10th. UBS AG raised Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating in a research report on Monday, May 22nd. Barclays PLC reissued a “buy” rating and set a $28.00 price objective on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, August 9th. Deutsche Bank AG lowered Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and cut their target price for the company from $34.00 to $29.00 in a report on Thursday, July 13th. Finally, Robert W. Baird lowered Plains All American Pipeline, L.P. from an “outperform” rating to a “neutral” rating and cut their target price for the company from $36.00 to $24.00 in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Plains All American Pipeline, L.P. presently has an average rating of “Hold” and a consensus target price of $29.59.

Shares of Plains All American Pipeline, L.P. (NYSE PAA) traded up 1.19% during midday trading on Tuesday, reaching $19.63. The company’s stock had a trading volume of 877,839 shares. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95. The stock has a market capitalization of $14.23 billion, a PE ratio of 15.15 and a beta of 0.95. The stock has a 50-day moving average price of $24.52 and a 200 day moving average price of $28.00.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share (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 analyst estimates 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%. Plains All American Pipeline, L.P.’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) EPS. Equities analysts forecast that Plains All American Pipeline, L.P. will post $1.46 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of PAA. Founders Capital Management purchased a new position in shares of Plains All American Pipeline, L.P. during the first quarter valued at about $101,000. Trust Co. of Vermont raised its position in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock valued at $107,000 after buying an additional 3,150 shares in the last quarter. BB&T Investment Services Inc. purchased a new position in shares of Plains All American Pipeline, L.P. during the second quarter valued at about $108,000. IHT Wealth Management LLC purchased a new position in shares of Plains All American Pipeline, L.P. during the second quarter valued at about $118,000. Finally, Advisory Services Network LLC raised its position in shares of Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 43.94% of the company’s stock.

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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