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.
Other Equity analysts have also commented on the company shares. SunTrust Robinson Humphrey initiates coverage on Plains All American Pipeline L.P. (NYSE:PAA). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at SunTrust Robinson Humphrey announces a current 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 Thursday. Though the stock opened at $27.96, the bulls momentum made the stock top out at $28.5 level for the day. The stock recorded a low of $27.4 and closed the trading day at $28.5, in the green by 3.15%. The total traded volume for the day was 2,381,776. The stock had closed at $27.63 in the previous days trading.
The company shares have dropped -38.02% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $45.47 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $24.86 and the 200 Day Moving Average price is recorded at $22.34. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Plains All American Pipeline Lp, Armstrong Greg L had purchased shares worth of $2,538,540 in a transaction dated on February 10, 2016. A total of 158,066 shares were purchased at a price of $16.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.