Shares of Plains All American Pipeline, L.P. (NYSE:PAA – Get Free Report) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.64.
Several equities analysts have issued reports on PAA shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $19.00 price objective on shares of Plains All American Pipeline in a research report on Wednesday. UBS Group upped their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Wells Fargo & Company raised their price objective on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Wednesday, May 8th. Finally, Morgan Stanley upped their target price on shares of Plains All American Pipeline from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 10th.
Check Out Our Latest Research Report on Plains All American Pipeline
Institutional Inflows and Outflows
Plains All American Pipeline Trading Down 0.5 %
Shares of Plains All American Pipeline stock opened at $17.54 on Monday. Plains All American Pipeline has a 12-month low of $14.25 and a 12-month high of $19.17. The stock has a market capitalization of $12.30 billion, a P/E ratio of 15.12 and a beta of 1.60. The company has a 50-day simple moving average of $18.03 and a 200 day simple moving average of $17.50. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.64.
Plains All American Pipeline (NYSE:PAA – Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $12.93 billion during the quarter, compared to analyst estimates of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. Research analysts expect that Plains All American Pipeline will post 1.3 earnings per share for the current fiscal year.
Plains All American Pipeline Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st were given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.24%. The ex-dividend date of this dividend was Wednesday, July 31st. Plains All American Pipeline’s payout ratio is 109.48%.
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.
Featured Articles
- Five stocks we like better than Plains All American Pipeline
- EV Stocks and How to Profit from Them
- Why Dick’s Could Be a Slam Dunk for Your Investment Portfolio
- 3 Tickers Leading a Meme Stock Revival
- Introduction to Fibonacci Retracement Levels
- Following Congress Stock Trades
- Top 3 Stocks to Outperform the S&P 500 in a Downturn
Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.