Plains All American Pipeline (NASDAQ:PAA) Raised to “Strong-Buy” at Zacks Research

Plains All American Pipeline (NASDAQ:PAAGet Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on PAA. Wall Street Zen upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a report on Saturday, December 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Plains All American Pipeline in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Get Our Latest Stock Analysis on PAA

Plains All American Pipeline Trading Up 1.4%

Plains All American Pipeline stock opened at $18.21 on Thursday. Plains All American Pipeline has a 52 week low of $15.57 and a 52 week high of $21.00. The stock has a market cap of $12.85 billion, a P/E ratio of 15.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 1.01.

Plains All American Pipeline (NASDAQ:PAAGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.39 earnings per share for the quarter. Plains All American Pipeline had a return on equity of 11.04% and a net margin of 2.42%.The business had revenue of $11.58 billion during the quarter.

Key Stores Impacting Plains All American Pipeline

Here are the key news stories impacting Plains All American Pipeline this week:

Plains All American Pipeline Company Profile

(Get Free Report)

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.

Further Reading

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