Worth Watching: What Next for Plains All American Pipeline, L.P. Stock After Today’s Big Increase?

Worth Watching: What Next for Plains All American Pipeline, L.P. Stock After Today's Big Increase?

The stock of Plains All American Pipeline, L.P. (NYSE:PAA) is a huge mover today! About 3.48M shares traded hands or 59.63% up from the average. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 26.32% since April 27, 2016 and is uptrending. It has outperformed by 21.09% the S&P500.
The move comes after 6 months positive chart setup for the $13.31 billion company. It was reported on Nov, 30 by Barchart.com. We have $33.90 PT which if reached, will make NYSE:PAA worth $532.40M more.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on February, 13. They expect $0.42 EPS, up 75.00% or $0.18 from last year’s $0.24 per share. PAA’s profit will be $171.48M for 19.40 P/E if the $0.42 EPS becomes a reality. After $0.40 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

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

Out of 24 analysts covering Plains All American Pipeline LP (NYSE:PAA), 7 rate it a “Buy”, 1 “Sell”, while 16 “Hold”. This means 29% are positive. Plains All American Pipeline LP has been the topic of 52 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded Plains All American Pipeline, L.P. (NYSE:PAA) on Tuesday, October 4 to “Overweight” rating. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, November 5. On Monday, August 24 the stock rating was maintained by Scotia Capital with “Sector Outperform”. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Neutral”. The firm has “Equal Weight” rating by CapitalOne given on Wednesday, January 13. The firm has “Neutral” rating by Bank of America given on Tuesday, February 9. As per Wednesday, July 13, the company rating was upgraded by Robert W. Baird. The rating was initiated by Suntrust Robinson on Wednesday, June 15 with “Neutral”. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Outperform” rating by RBC Capital Markets on Monday, November 16. The firm has “Hold” rating by Zacks given on Monday, August 10.

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 1.34 in 2016 Q2. Its up 0.36, from 0.98 in 2016Q1. The ratio increased, 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.
Williams Jones And Associate Ltd Co has 30,565 shares for 0.04% of their US portfolio. Wfg Advsr Lp, a Texas-based fund reported 68,221 shares. Argentus Cap Limited Com, a Texas-based fund reported 3,537 shares. Associated Banc last reported 15,465 shares in the company. Reilly Financial Advsrs Lc last reported 0% of its portfolio in the stock. Avalon Limited Liability Corporation owns 17,560 shares or 0.02% of their US portfolio. Moreover, Westport Resource Mgmt Incorporated has 0.01% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 1,520 shares. Us Natl Bank De holds 0.01% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 98,382 shares. Suntrust Banks Incorporated last reported 0% of its portfolio in the stock. Duff Phelps Invest Mgmt Communication last reported 1.04M shares in the company. Manchester Limited Liability Corp reported 115 shares or 0% of all its holdings. Freestone Capital Limited Liability Company holds 163,393 shares or 0.44% of its portfolio. Moreover, Tph Asset Limited Liability has 0.06% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 22,099 shares. Security Trust holds 4,000 shares or 0.04% of its portfolio. Kanawha Cap Llc has 7,600 shares for 0.03% of their US portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 2 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. 35,410 shares were sold by vonBerg John, worth $1.06 million.

More recent Plains All American Pipeline, L.P. (NYSE:PAA) news were published by: Reuters.com which released: “BRIEF-John Raymond reports 7.2 pct stake in Plains All American Pipeline a…” on November 25, 2016. Also Businesswire.com published the news titled: “Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. Announce …” on November 15, 2016. Seekingalpha.com‘s news article titled: “Plains All American Pipeline LP (PAA) Q3 2016 Results – Earnings Call Transcript” with publication date: November 04, 2016 was also an interesting one.

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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