Plains All American Pipeline (NYSE:PAA) was upgraded by stock analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

Several other analysts have also recently commented on PAA. Robert W. Baird set a $20.00 target price on shares of Plains All American Pipeline and gave the stock a “hold” rating in a research note on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research note on Monday, October 16th. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research cut shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Stifel Nicolaus raised their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.53.

Shares of Plains All American Pipeline (NYSE PAA) opened at $21.35 on Thursday. The firm has a market cap of $14,917.14, a price-to-earnings ratio of 22.01 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 1.00. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $33.01.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.16). Plains All American Pipeline had a return on equity of 9.93% and a net margin of 3.26%. The firm had revenue of $7.61 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. analysts forecast that Plains All American Pipeline will post 1.53 earnings per share for the current year.

In related news, VP Chris Herbold sold 10,171 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC purchased a new position in Plains All American Pipeline during the 2nd quarter valued at about $118,000. BB&T Investment Services Inc. purchased a new position in Plains All American Pipeline during the 2nd quarter valued at about $108,000. Advisory Services Network LLC increased its holdings in Plains All American Pipeline by 5.1% during the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after acquiring an additional 223 shares in the last quarter. American Assets Investment Management LLC purchased a new position in Plains All American Pipeline during the 4th quarter valued at about $103,000. Finally, Welch Group LLC purchased a new position in Plains All American Pipeline during the 4th quarter valued at about $134,000. Hedge funds and other institutional investors own 43.20% of the company’s stock.

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About Plains All American Pipeline

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.

The Fly

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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