Plains All American (NYSE:PAA) has been upgraded from Neutral to Overweight in a statement by Piper Jaffray earlier today.
- Updated: October 13, 2016
Having a price of $32.14, Plains All American (NYSE:PAA) traded -1.59% lower on the day. With the last close up 19.22% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Plains All American has recorded a 50-day average of $29.38 and a two hundred day average of $26.53. Volume of trade was down over the average, with 707,904 shares of PAA changing hands under the typical 2,195,600
Piper Jaffray has upgraded Plains All American (NYSE:PAA) from Neutral to Overweight in a statement released on 10/13/2016.
With a total market value of $0, Plains All American has price-earnings ratio of 90.63 with a one year low of $14.82 and a one year high of $33.00 .
A total of 21 analysts have released a research note on Plains All American. Four analysts rating the company a strong buy, two analysts rating the company a buy, sixteen analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $25.62.
More About Plains All American (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. Its 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, terminalling 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 sale of gathered and bulk-purchased crude oil, as well as sales of NGL volumes purchased from suppliers and natural gas sales attributable to the activities.
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