Analysts’ Weekly Ratings Updates for Plains All American Pipeline (PAA)

Several analysts have recently updated their ratings and price targets for Plains All American Pipeline (NYSE: PAA):

  • 8/1/2022 – Plains All American Pipeline was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
  • 8/1/2022 – Plains All American Pipeline was upgraded by analysts at Seaport Res Ptn from a “neutral” rating to a “buy” rating.
  • 7/20/2022 – Plains All American Pipeline had its price target lowered by analysts at Barclays PLC from $13.00 to $12.00. They now have an “equal weight” rating on the stock.
  • 7/19/2022 – Plains All American Pipeline was upgraded by analysts at Bank of America Co. from an “underperform” rating to a “neutral” rating. They now have a $12.00 price target on the stock.
  • 7/8/2022 – Plains All American Pipeline had its price target raised by analysts at UBS Group AG from $16.00 to $17.00. They now have a “buy” rating on the stock.

Plains All American Pipeline Stock Performance

Shares of PAA stock opened at $10.88 on Thursday. The business’s 50-day moving average price is $10.61 and its 200-day moving average price is $10.75. Plains All American Pipeline, L.P. has a 12 month low of $8.64 and a 12 month high of $12.10. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 47.30 and a beta of 1.79. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 0.76.

Plains All American Pipeline (NYSE:PAAGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $13.69 billion during the quarter, compared to analyst estimates of $12.15 billion. Plains All American Pipeline had a return on equity of 9.80% and a net margin of 0.65%. Plains All American Pipeline’s revenue was up 63.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities research analysts forecast that Plains All American Pipeline, L.P. will post 1.1 EPS for the current year.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a $0.2175 dividend. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $0.87 dividend on an annualized basis and a yield of 8.00%. Plains All American Pipeline’s payout ratio is currently 378.26%.

Insiders Place Their Bets

In other Plains All American Pipeline news, Director Kevin S. Mccarthy bought 200,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was acquired at an average cost of $9.81 per share, for a total transaction of $1,962,000.00. Following the completion of the acquisition, the director now owns 200,000 shares in the company, valued at approximately $1,962,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.69% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Plains All American Pipeline

Hedge funds and other institutional investors have recently modified their holdings of the company. City State Bank bought a new stake in shares of Plains All American Pipeline during the fourth quarter valued at approximately $28,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Plains All American Pipeline during the first quarter valued at approximately $34,000. Confluence Wealth Services Inc. purchased a new position in shares of Plains All American Pipeline during the fourth quarter valued at approximately $37,000. TCI Wealth Advisors Inc. purchased a new position in shares of Plains All American Pipeline during the first quarter valued at approximately $39,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Plains All American Pipeline during the first quarter valued at approximately $49,000. Institutional investors own 45.58% of the company’s stock.

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

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