Plains All American Pipeline (PAA) Now Covered by Analysts at Deutsche Bank

Deutsche Bank started coverage on shares of Plains All American Pipeline (NYSE:PAA) in a report released on Thursday. The firm issued a buy rating and a $29.00 price objective on the pipeline company’s stock.

A number of other equities research analysts have also commented on PAA. Credit Suisse Group started coverage on shares of Plains All American Pipeline in a report on Thursday, January 4th. They set an outperform rating and a $25.00 price objective on the stock. Bank of America started coverage on shares of Plains All American Pipeline in a research report on Tuesday, January 9th. They issued a neutral rating for the company. Jefferies Group reaffirmed a buy rating and issued a $25.00 target price on shares of Plains All American Pipeline in a research report on Friday, January 12th. Barclays downgraded shares of Plains All American Pipeline from an overweight rating to an equal weight rating and set a $26.00 target price for the company. in a research report on Wednesday, January 17th. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $24.00 target price (up previously from $22.00) on shares of Plains All American Pipeline in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $26.44.

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Shares of NYSE:PAA traded up $0.10 during midday trading on Thursday, reaching $24.42. 282,221 shares of the company were exchanged, compared to its average volume of 3,525,844. Plains All American Pipeline has a fifty-two week low of $18.38 and a fifty-two week high of $30.72. The company has a quick ratio of 0.73, a current ratio of 0.88 and a debt-to-equity ratio of 1.06. The firm has a market cap of $17,854.57, a price-to-earnings ratio of 25.87 and a beta of 0.74.



Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Tuesday, February 6th. The pipeline company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). Plains All American Pipeline had a return on equity of 10.01% and a net margin of 3.26%. The company had revenue of $7.61 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. research analysts expect that Plains All American Pipeline will post 1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 127.66%.

Institutional investors and hedge funds have recently made changes to their positions in the company. American Assets Investment Management LLC bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $103,000. Welch Group LLC bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $134,000. Captrust Financial Advisors bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $158,000. SeaCrest Wealth Management LLC bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $166,000. Finally, MPI Investment Management Inc. bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at about $288,000. 43.84% of the stock is owned by institutional investors.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

Analyst Recommendations for Plains All American Pipeline (NYSE:PAA)

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