Plains All American Pipeline (NYSE:PAA) Price Target Raised to $22.00 at Stifel Nicolaus

Plains All American Pipeline (NYSE:PAA) had its target price boosted by Stifel Nicolaus from $18.00 to $22.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the pipeline company’s stock.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Plains All American Pipeline from a buy rating to a strong-buy rating in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price objective on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the stock a sell rating in a research report on Friday, April 12th. Scotiabank started coverage on shares of Plains All American Pipeline in a research report on Monday, April 8th. They set a sector outperform rating and a $23.00 price objective on the stock. Truist Financial raised their target price on shares of Plains All American Pipeline from $21.00 to $23.00 and gave the stock a buy rating in a research note on Tuesday, March 19th. Finally, Citigroup raised their target price on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the stock a neutral rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $18.96.

Plains All American Pipeline Trading Up 1.9 %

NYSE PAA opened at $17.69 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.87. The firm’s fifty day moving average price is $16.99 and its 200 day moving average price is $15.93. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 12.73 and a beta of 1.59. Plains All American Pipeline has a 12 month low of $12.07 and a 12 month high of $19.03.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the firm posted $0.33 EPS. Plains All American Pipeline’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, sell-side analysts expect that Plains All American Pipeline will post 1.26 earnings per share for the current fiscal year.

Plains All American Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 91.37%.

Institutional Trading of Plains All American Pipeline

Several hedge funds and other institutional investors have recently made changes to their positions in PAA. Future Financial Wealth Managment LLC acquired a new stake in shares of Plains All American Pipeline in the first quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in Plains All American Pipeline during the first quarter worth about $28,000. CENTRAL TRUST Co raised its position in Plains All American Pipeline by 212.5% during the third quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company’s stock worth $38,000 after acquiring an additional 1,700 shares during the last quarter. Fortitude Family Office LLC acquired a new position in Plains All American Pipeline during the fourth quarter worth about $39,000. Finally, Clear Street Markets LLC acquired a new position in Plains All American Pipeline during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.