Jefferies Group LLC downgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Hold in a report released today.
- Updated: April 21, 2017
Yesterday Plains All American Pipeline, L.P. (NYSE:PAA) traded 0.10% higher at $30.38. The company’s 50-day moving average is $31.35 and its 200-day moving average is $31.54. The last closing price is down -3.68% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 1,739,031 shares of the stock traded hands, down from an average trading volume of 1,967,980
Jefferies Group LLC has downgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Hold in a report released on 4/21/2017.
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Plains All American Pipeline, L.P. has a 52 week low of $20.53 and a 52 week high of $33.95 with a P/E ratio of 70.65 The company’s market cap is currently $0.
In addition to Jefferies Group LLC reporting its stock price target, a total of 21 brokers have issued a research note on the company. The average stock price target is $25.62 with 4 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 16 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.
General Information About Plains All American Pipeline, L.P. (NYSE:PAA)
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. Its Facilities segment operations consist of activities associated with providing storage, terminaling and throughput services for crude oil, refined products, NGL and natural gas, as well as NGL fractionation and isomerization services and natural gas and condensate processing services. Its supply and logistics segment operations consist of the merchant-related activities, including the purchase of the United States and Canadian crude oil at the wellhead, the bulk purchase of crude oil at pipeline, terminal and rail facilities.
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