Plains All American Pipeline (NYSE:PAA) Stock Rating Lowered by StockNews.com

Plains All American Pipeline (NYSE:PAA – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently weighed in on the company. UBS Group boosted their target price on Plains All American Pipeline from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Citigroup started coverage on Plains All American Pipeline in a research note on Thursday, December 8th. They issued a “buy” rating and a $14.00 price target on the stock. Mizuho lifted their price target on Plains All American Pipeline from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Sanford C. Bernstein cut Plains All American Pipeline from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $15.00 to $14.50 in a research note on Tuesday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on Plains All American Pipeline from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, March 9th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.10.

Plains All American Pipeline Stock Performance

NYSE:PAA opened at $12.31 on Monday. The business has a 50 day moving average of $12.62 and a 200 day moving average of $12.07. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 10.34 and a beta of 1.70. Plains All American Pipeline has a 1-year low of $9.10 and a 1-year high of $13.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.91 and a quick ratio of 0.79.

Plains All American Pipeline (NYSE:PAA – Get Rating) last released its earnings results on Tuesday, February 14th. The pipeline company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.02). The firm had revenue of $12.95 billion during the quarter, compared to the consensus estimate of $15.05 billion. Plains All American Pipeline had a return on equity of 9.81% and a net margin of 1.72%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, sell-side analysts predict that Plains All American Pipeline will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Plains All American Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its stake in Plains All American Pipeline by 8.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 98,252 shares of the pipeline company’s stock worth $1,154,000 after purchasing an additional 7,994 shares during the period. Natixis boosted its holdings in Plains All American Pipeline by 38.5% in the fourth quarter. Natixis now owns 4,141,700 shares of the pipeline company’s stock worth $48,706,000 after acquiring an additional 1,152,200 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Plains All American Pipeline by 18.9% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 84,688 shares of the pipeline company’s stock worth $996,000 after acquiring an additional 13,484 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in Plains All American Pipeline in the fourth quarter worth $181,000. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Plains All American Pipeline by 9.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 46,410 shares of the pipeline company’s stock worth $546,000 after acquiring an additional 3,920 shares in the last quarter. 42.26% of the stock is owned by hedge funds and other institutional investors.

Plains All American Pipeline Company Profile

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Plains All American Pipeline LP engages in the provision of logistics services and owns midstream energy infrastructure. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment includes transporting crude oil and natural gas liquids (NGL) on pipelines, gathering systems, and trucks.