Plains All American Pipeline (NYSE:PAA) Given a $25.00 Price Target at Stifel Nicolaus

Stifel Nicolaus set a $25.00 price objective on Plains All American Pipeline (NYSE:PAA) in a research report released on Wednesday morning, TipRanks reports. The firm currently has a buy rating on the pipeline company’s stock.

PAA has been the subject of several other reports. ValuEngine downgraded shares of Plains All American Pipeline from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Royal Bank of Canada lowered their price objective on shares of Plains All American Pipeline to $27.00 and set a sector perform rating for the company in a research report on Friday, June 14th. Piper Jaffray Companies initiated coverage on shares of Plains All American Pipeline in a research report on Wednesday, July 17th. They set an overweight rating and a $31.00 price objective for the company. Finally, Wolfe Research upgraded shares of Plains All American Pipeline from a peer perform rating to an outperform rating in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of $28.54.

PAA traded down $0.57 during trading on Wednesday, hitting $21.82. 2,057,799 shares of the stock traded hands, compared to its average volume of 2,414,468. Plains All American Pipeline has a twelve month low of $19.33 and a twelve month high of $27.70. The firm has a market cap of $16.27 billion, a P/E ratio of 11.61 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.90 and a current ratio of 1.02. The business’s 50 day moving average is $24.11.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Tuesday, August 6th. The pipeline company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.44 by $0.23. Plains All American Pipeline had a net margin of 9.48% and a return on equity of 22.39%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $8.07 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Plains All American Pipeline will post 2.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.44 annualized dividend and a dividend yield of 6.60%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.

In other news, insider Emg Investment, Llc sold 8,179,284 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total transaction of $188,941,460.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Belvedere Advisors LLC acquired a new stake in Plains All American Pipeline in the first quarter valued at $30,000. Paragon Capital Management LLC increased its holdings in Plains All American Pipeline by 136.0% in the second quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 816 shares during the period. MCF Advisors LLC acquired a new stake in Plains All American Pipeline in the second quarter valued at $40,000. Price Wealth Management Inc. acquired a new stake in Plains All American Pipeline in the second quarter valued at $46,000. Finally, Zions Bancorporation N.A. acquired a new stake in Plains All American Pipeline in the first quarter valued at $48,000. Institutional investors and hedge funds own 48.63% of the company’s stock.

About Plains All American Pipeline

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.

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

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