Plains All American Pipeline (NYSE:PAA) PT Raised to $18.00 at Citigroup

Plains All American Pipeline (NYSE:PAA) had its price target boosted by equities research analysts at Citigroup from $17.50 to $18.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the pipeline company’s stock. Citigroup’s price objective points to a potential upside of 2.92% from the company’s current price.

PAA has been the subject of a number of other research reports. Stifel Nicolaus boosted their price objective on Plains All American Pipeline from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Scotiabank started coverage on shares of Plains All American Pipeline in a research report on Monday, April 8th. They set a “sector outperform” rating and a $23.00 price target for the company. The Goldman Sachs Group lifted their price objective on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the company a “sell” rating in a research report on Friday, April 12th. TD Securities raised their price target on shares of Plains All American Pipeline from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Monday. Finally, StockNews.com downgraded Plains All American Pipeline from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.08.

Plains All American Pipeline Stock Down 0.7 %

Shares of NYSE:PAA opened at $17.49 on Monday. The company’s fifty day moving average is $17.42 and its two-hundred day moving average is $16.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. Plains All American Pipeline has a 1-year low of $12.50 and a 1-year high of $19.03. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 15.08 and a beta of 1.58.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Friday, May 3rd. The pipeline company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 10.53%. The firm had revenue of $12 billion for the quarter, compared to analyst estimates of $12.98 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. Plains All American Pipeline’s quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts anticipate that Plains All American Pipeline will post 1.32 EPS for the current year.

Institutional Trading of Plains All American Pipeline

Institutional investors have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in Plains All American Pipeline in the first quarter worth about $28,000. CENTRAL TRUST Co raised its holdings in shares of Plains All American Pipeline by 212.5% in the 3rd quarter. CENTRAL TRUST Co now owns 2,500 shares of the pipeline company’s stock worth $38,000 after purchasing an additional 1,700 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in Plains All American Pipeline during the fourth quarter valued at approximately $39,000. Scarborough Advisors LLC bought a new stake in Plains All American Pipeline during the fourth quarter worth approximately $46,000. Finally, Briaud Financial Planning Inc acquired a new position in Plains All American Pipeline in the third quarter worth approximately $58,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

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.