Plains All American Pipeline, L.P. (NYSE:PAA) has been upgraded to Overweight in a statement by Piper Jaffray Cos. earlier today.
- Updated: October 15, 2016
Piper Jaffray Cos. has upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Overweight in a statement released on 10/13/2016.
Displaying a price of $32.11, Plains All American Pipeline, L.P. (NYSE:PAA) traded 0.47% higher on the day. The last stock close price is up 20.75% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. PAA has recorded a 50-day average of $29.58 and a two hundred day average of $26.65. Volume of trade was down over the average, with 2,023,231 shares of PAA changing hands under the typical 2,179,650
With a total market value of $0, Plains All American Pipeline, L.P. has price-earnings ratio of 92.21 with a one year low of $14.82 and a one year high of $33.00 .
A total of 21 equity analysts have released a ratings update on PAA. Four equity analysts rating the company a strong buy, two analysts rating the company a buy, sixteen analysts rating the company a hold, one firm rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $25.62.
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. 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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