Plains All American Pipeline L.P. (NYSE:PAA) : 20 analysts are covering Plains All American Pipeline L.P. (NYSE:PAA) and their average rating on the stock is 2.75, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Plains All American Pipeline L.P. (NYSE:PAA) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 15 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Plains All American Pipeline L.P. (NYSE:PAA) : Currently there are 16 street experts covering Plains All American Pipeline L.P. (NYSE:PAA) stock. The most bullish and bearish price target for the stock is $39 and $14 respectively for the short term. The average price target of all the analysts comes to $25.13. The estimated standard deviation from the target is $5.46.
Company shares have received an average consensus rating of Hold for the current week Also, SunTrust Robinson Humphrey initiates coverage on Plains All American Pipeline L.P. (NYSE:PAA).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey announces the price target of $30 per share. The rating by the firm was issued on June 15, 2016.
Plains All American Pipeline L.P. (NYSE:PAA): stock turned positive on Tuesday. Though the stock opened at $25.72, the bulls momentum made the stock top out at $26.37 level for the day. The stock recorded a low of $25.56 and closed the trading day at $26.18, in the green by 4.39%. The total traded volume for the day was 2,224,901. The stock had closed at $25.08 in the previous days trading.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Plains All American Pipeline Lp, Armstrong Greg L, had purchased 158,066 shares in a transaction dated on February 10, 2016. The transaction was executed at $16.06 per share with total amount equaling $2,538,540.
Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Companys operational segments include Transportation, Facilities, and Supply and Logistics. The transportation segment operations consist of fee-based activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges. The facilities segment operations consist of fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, NGL and natural gas. The supply and logistics segment operations consist of merchant-related activities.