Wells Fargo & Co. upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Outperform in a statement released earlier today.
- Updated: October 4, 2016
Having a price of $30.66, Plains All American Pipeline, L.P. (NYSE:PAA) traded 2.90% higher on the day. With the last close up 20.41% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $28.99 and a 200-day moving average of $26.20. 283,244 shares of the stock traded hands, down from an average trading volume of 2,230,560
Wells Fargo & Co. has upgraded Plains All American Pipeline, L.P. (NYSE:PAA) to Outperform in a statement released on 10/05/2016.
On Tuesday October 04, 2016, Morgan Stanley released a statement on Plains All American Pipeline, L.P. (NYSE:PAA) upped the target price from $33.00 to $37.00 that suggested an upside of 0.20%.
See Chart Below
Plains All American Pipeline, L.P. has 52 week low of $14.82 and a 52 week high of $34.73 with a PE ratio of 90.40 and has a market capitalization of $0.
In addition to Wells Fargo & Co. reporting its target price, a total of 21 firms have reported on the stock. The consensus target price is $25.62 with 4 firms rating the stock a strong buy, 2 firms rating the stock a buy, 16 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.