Plains All American Pipeline L.P. (PAA) : Analyst Rating Update

Plains All American Pipeline L.P. (PAA) : The consensus on Plains All American Pipeline L.P. (PAA) based on 20 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 15 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Plains All American Pipeline L.P. (PAA) : 16 investment research analysts covering Plains All American Pipeline L.P. (PAA) have an average price target of $25.13 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $14 for the short term. Analysts expect the variance to be within $5.46 of the average price.

Plains All American Pipeline L.P. (NYSE:PAA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.92 and $26.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.22. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.06, notching a gain of 0.04% for the day. The total traded volume was 2,142,750 . The stock had closed at $27.05 on the previous day.

Also, SunTrust Robinson Humphrey initiates coverage on Plains All American Pipeline L.P. (NYSE:PAA). In the latest research report, SunTrust Robinson Humphrey announces the target price to $30 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 15, 2016. The company shares have dropped -36.28% from its 1 Year high price. On Jul 15, 2015, the shares registered one year high at $44.29 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $25.83 and the 200 Day Moving Average price is recorded at $22.75.

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.

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