SunTrust Robinson Humphrey Initiates Coverage on Plains All American Pipeline L.P. to Neutral

SunTrust Robinson Humphrey Initiates Coverage on Plains All American Pipeline L.P.(NYSE:PAA). The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Jun 15, 2016.

In a different note, On May 27, 2016, JP Morgan said it Maintains its rating on Plains All American Pipeline L.P.. In the research note, the firm Lowers the price-target to $27.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 26, 2016, Morgan Stanley said it Maintains its rating on Plains All American Pipeline L.P.. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Equal-weight’ by the firm. BMO Capital said it Initiates Coverage on Plains All American Pipeline L.P., according to a research note issued on Apr 19, 2016. The shares have been rated ‘Market Perform’ by the firm. On Apr 1, 2016, Piper Jaffray said it Assumes 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) made into the market gainers list on Tuesdays trading session with the shares advancing 1.31% or 0.36 points. Due to strong positive momentum, the stock ended at $27.88, which is also near the day’s high of $27.95. The stock began the session at $27.25 and the volume stood at 17,24,249 shares. The 52-week high of the shares is $45.47 and the 52 week low is $14.82. The company has a current market capitalization of $11,089 M and it has 39,77,30,990 shares in outstanding.

Plains All American Pipeline L.P.(PAA) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $4.11B. Analysts had an estimated revenue of $6.80B. Earnings per share were $0.45. Analysts had estimated an EPS of $0.37.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Greg L Armstrong (CEO) purchased 158,066 shares at $16.06 per share price.Also, On Dec 14, 2015, Phil D Kramer (Exec. Vice President) purchased 25,000 shares at $19.01 per share price.On Nov 19, 2015, W David Duckett (Pres. of subsidiary – PMCULC) sold 30,500 shares at $26.70 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 Company’s 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.

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