Plains All American Pipeline, L.P. (PAA) Now Covered by Seaport Global Securities

Seaport Global Securities began coverage on shares of Plains All American Pipeline, L.P. (NYSE:PAA) in a note issued to investors on Tuesday. The firm set a “neutral” rating on the pipeline company’s stock.

PAA has been the subject of several other research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price objective (up previously from $20.19) on shares of Plains All American Pipeline, L.P. in a research note on Monday, August 28th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, July 10th. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Barclays PLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Plains All American Pipeline, L.P. presently has an average rating of “Hold” and a consensus target price of $28.86.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.34 on Tuesday. The stock has a 50 day moving average of $21.36 and a 200 day moving average of $25.50. The firm has a market cap of $15.47 billion, a PE ratio of 16.47 and a beta of 0.98. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities research analysts anticipate that Plains All American Pipeline, L.P. will post $1.53 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/plains-all-american-pipeline-l-p-paa-now-covered-by-seaport-global-securities.html.

Several large investors have recently modified their holdings of the stock. Yorkville Capital Management LLC boosted its holdings in shares of Plains All American Pipeline, L.P. by 17.2% in the 2nd quarter. Yorkville Capital Management LLC now owns 38,660 shares of the pipeline company’s stock worth $1,016,000 after buying an additional 5,662 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Plains All American Pipeline, L.P. by 1.7% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,295,300 shares of the pipeline company’s stock worth $34,028,000 after buying an additional 21,400 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Plains All American Pipeline, L.P. by 24.9% in the 2nd quarter. WFG Advisors LP now owns 66,841 shares of the pipeline company’s stock worth $1,756,000 after buying an additional 13,304 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Plains All American Pipeline, L.P. by 6.7% in the 2nd quarter. Toronto Dominion Bank now owns 306,23

PAA has been the subject of several other research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price objective (up previously from $20.19) on shares of Plains All American Pipeline, L.P. in a research note on Monday, August 28th. Mizuho upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Monday, July 10th. BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a research note on Saturday, July 8th. Barclays PLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, August 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Plains All American Pipeline, L.P. presently has an average rating of “Hold” and a consensus target price of $28.86.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 21.34 on Tuesday. The stock has a 50 day moving average of $21.36 and a 200 day moving average of $25.50. The firm has a market cap of $15.47 billion, a PE ratio of 16.47 and a beta of 0.98. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.05). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The business’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.12) EPS. On average, equities research analysts anticipate that Plains All American Pipeline, L.P. will post $1.53 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/plains-all-american-pipeline-l-p-paa-now-covered-by-seaport-global-securities.html.

Several large investors have recently modified their holdings of the stock. Yorkville Capital Management LLC boosted its holdings in shares of Plains All American Pipeline, L.P. by 17.2% in the 2nd quarter. Yorkville Capital Management LLC now owns 38,660 shares of the pipeline company’s stock worth $1,016,000 after buying an additional 5,662 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of Plains All American Pipeline, L.P. by 1.7% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,295,300 shares of the pipeline company’s stock worth $34,028,000 after buying an additional 21,400 shares during the last quarter. WFG Advisors LP boosted its holdings in shares of Plains All American Pipeline, L.P. by 24.9% in the 2nd quarter. WFG Advisors LP now owns 66,841 shares of the pipeline company’s stock worth $1,756,000 after buying an additional 13,304 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Plains All American Pipeline, L.P. by 6.7% in the 2nd quarter. Toronto Dominion Bank now owns 306,235 shares of the pipeline company’s stock worth $8,043,000 after buying an additional 19,100 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of Plains All American Pipeline, L.P. in the 2nd quarter worth about $693,000. 42.08% of the stock is currently owned by institutional investors.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Analyst Recommendations for Plains All American Pipeline, L.P. (NYSE:PAA)

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