Plains All American Pipeline L.P. (PAA) : 18 analysts are covering Plains All American Pipeline L.P. (PAA) and their average rating on the stock is 2.72, which is read as a Hold. 2 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. (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. 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. (PAA) : 15 investment research analysts covering Plains All American Pipeline L.P. (PAA) have an average price target of $30.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $37 and the lowest target is $26 for the short term. Analysts expect the variance to be within $2.87 of the average price.
Also, FBR Capital initiates coverage on Plains All American Pipeline L.P. (NYSE:PAA). FBR Capital has a Market Perform rating on the shares. As per the latest report, the brokerage house announces the price target to $30 per share. The rating by the firm was issued on September 9, 2016.
Plains All American Pipeline L.P. (NYSE:PAA): The stock opened in the green at $27.2 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $27.48 and a low of $26.91 for the day. The stock did not find buyers even at the lows and closed at $27.15 recording a loss of -0.15%. 2,560,528 shares exchanged hands during the trading day. The stock had closed at $27.19 in the previous days trading.
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.