In a report issued on November 15, Ethan Bellamy from Robert W. Baird reiterated a Hold rating on Plains All American (PAA), with a price target of $25. The company’s shares closed yesterday at $21.71.
According to TipRanks.com, Bellamy is a 1-star analyst with an average return of -2.1% and a 48.1% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as CNX Midstream Partners LP, Antero Midstream Partners, and Green Plains Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Plains All American with a $28.75 average price target.
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The company has a one-year high of $27.70 and a one-year low of $18.38. Currently, Plains All American has an average volume of 2.28M.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply & Logistics.