Stock Mover of the Day: Time to Buy Plains All American Pipeline, L.P. After Today’s Huge Increase?

Stock Mover of the Day: Time to Buy Plains All American Pipeline, L.P. After Today's Huge Increase?

The stock of Plains All American Pipeline, L.P. (NYSE:PAA) is a huge mover today! About 2.46 million shares traded hands or 7.89% up from the average. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 40.90% since March 2, 2016 and is uptrending. It has outperformed by 32.64% the S&P500.
The move comes after 6 months positive chart setup for the $12.55B company. It was reported on Oct, 5 by Barchart.com. We have $45.86 PT which if reached, will make NYSE:PAA worth $5.52 billion more.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on November, 1. They expect $0.30 EPS, up 25.00% or $0.06 from last year’s $0.24 per share. PAA’s profit will be $118.21 million for 26.54 P/E if the $0.30 EPS becomes a reality. After $-0.20 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -250.00% EPS growth.

Plains All American Pipeline, L.P. (NYSE:PAA) Ratings Coverage

Out of 22 analysts covering Plains All American Pipeline LP (NYSE:PAA), 4 rate it a “Buy”, 1 “Sell”, while 17 “Hold”. This means 18% are positive. Plains All American Pipeline LP has been the topic of 48 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Monday, August 10 the stock rating was downgraded by Zacks to “Hold”. RBC Capital Markets maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Monday, November 16 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Thursday, August 6 with “Buy”. On Friday, August 7 the stock rating was maintained by Citigroup with “Buy”. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Hold” rating by Stifel Nicolaus on Thursday, November 5. The stock has “Neutral” rating given by JP Morgan on Friday, May 27. The rating was maintained by Scotia Capital on Monday, August 24 with “Sector Outperform”. The company was initiated on Wednesday, June 15 by Suntrust Robinson. Robert W. Baird upgraded the shares of PAA in a report on Wednesday, July 13 to “Neutral” rating. Piper Jaffray reinitiated the stock with “Neutral” rating in Friday, April 1 report.

According to Zacks Investment Research, “Plains All American Pipeline, L.P. is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.29, from 0.69 in 2016Q1. The ratio improved, as 38 funds sold all Plains All American Pipeline, L.P. shares owned while 124 reduced positions. 57 funds bought stakes while 101 increased positions. They now own 240.10 million shares or 4.07% less from 250.29 million shares in 2016Q1.
First Fincl Corp In reported 900 shares or 0.01% of all its holdings. Summit Equities last reported 44,095 shares in the company. Teacher Retirement System Of Texas holds 0.03% or 162,832 shares in its portfolio. Ckw Financial Group owns 2,300 shares or 0.02% of their US portfolio. Amer Ins Tx holds 0.09% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 56,815 shares. The Kentucky-based Todd Asset Llc has invested 0.01% in Plains All American Pipeline, L.P. (NYSE:PAA). Fcm Investments Tx owns 28,863 shares or 0.47% of their US portfolio. Gould Asset Management Ltd Limited Liability Company Ca has 0.21% invested in the company for 13,935 shares. Natixis holds 0.05% or 100,000 shares in its portfolio. Cahill Finance Advsr Inc accumulated 7,335 shares or 0.14% of the stock. Moreover, Commonwealth Equity Service Inc has 0.02% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 71,210 shares. Cetera Advisor Network Lc holds 0.02% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 12,310 shares. Deutsche Fincl Bank Ag holds 4.37M shares or 0.08% of its portfolio. Bessemer Incorporated owns 82,925 shares or 0.01% of their US portfolio. Keybank Association Oh has 46,448 shares for 0.01% of their US portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 2 insider sales for $1.58 million net activity. Another trade for 17,333 shares valued at $515,804 was made by DUCKETT W DAVID on Thursday, August 18. The insider vonBerg John sold 35,410 shares worth $1.06M.

More news for Plains All American Pipeline, L.P. (NYSE:PAA) were recently published by: Benzinga.com, which released: “Morgan Stanley’s Midstream Pair Trade: Plains All American Upgraded, ONEOK …” on October 04, 2016. Businesswire.com‘s article titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions” and published on September 30, 2016 is yet another important article.

PAA Company Profile

Plains All American Pipeline, L.P., incorporated on September 17, 1998, owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. Through its divisions, the Company is engaged in the transportation, storage, terminalling and marketing of crude oil, NGL and natural gas. The majority of its activities are focused on crude oil, which is the principal feedstock used by refineries in the production of transportation fuels. The Firm owns a network of pipeline transportation, terminalling, storage and gathering assets in crude oil and NGL producing basins and transportation corridors and at market hubs in the United States and Canada.

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