Plains All American Pipeline L.P. (NYSE:PAA) had declared a cash dividend of $0.5500 on Sep 30, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Sep 30, 2016 share price, the yield comes out to be 7.0808%. The dividend payable date has been fixed on Nov 14, 2016.
In a different note, FBR Capital said it Initiates Coverage on Plains All American Pipeline L.P., according to a research note issued on Sep 9, 2016. The shares have been rated ‘Market Perform’ by the firm. On Aug 17, 2016, Citigroup said it Maintains its rating on Plains All American Pipeline L.P.. In the research note, the firm Raises the price-target to $30.50 per share. The shares have been rated ‘Buy’ by the firm. On Aug 16, 2016, Citigroup said it Assumes its rating on Plains All American Pipeline L.P.. The shares have been rated ‘Buy’ by the firm. On Aug 3, 2016, Goldman Sachs said it Upgrades its rating on Plains All American Pipeline L.P.. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 13, 2016, Baird said it Upgrades its rating on Plains All American Pipeline L.P.. The shares have been rated ‘Neutral’ by the firm.
Plains All American Pipeline L.P. (PAA) shares turned negative on Tuesdays trading session with the shares closing down -0.29 points or -0.94% at a volume of 18,03,138. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.36. The peak price level was also seen at $31.36 while the days lowest was $30.43. Finally the shares closed at $30.66. The 52-week high of the shares is $34.98 while the 52-week low is $14.82. According to the latest information available, the market cap of the company is $12,195 M.
Plains All American Pipeline L.P.(PAA) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.95B. Analysts had an estimated revenue of $5.24B. Earnings per share were $-0.12. Analysts had estimated an EPS of $0.12.
Several Insider Transactions has been reported to the SEC. On Aug 22, 2016, W David Duckett (CEO of subsidiary – PMC) sold 17,333 shares at $29.76 per share price.Also, On Aug 22, 2016, John Vonberg (EVP – Commercial Activities) sold 35,410 shares at $29.95 per share price.On Feb 10, 2016, Greg L Armstrong (CEO) purchased 158,066 shares at $16.06 per share price, according to the Form-4 filing with the securities and exchange commission.
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.