In a report released yesterday, Spiro M. Dounis from Credit Suisse maintained a Hold rating on Plains All American (PAA), with a price target of $8.00. The company’s shares closed last Wednesday at $7.81.
According to TipRanks.com, Dounis has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.2% and a 46.8% success rate. Dounis covers the Services sector, focusing on stocks such as Enterprise Products Partners, Cheniere Energy Partners, and Noble Midstream Partners.
Plains All American has an analyst consensus of Moderate Buy, with a price target consensus of $11.07.
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Plains All American’s market cap is currently $6B and has a P/E ratio of 3.10. The company has a Price to Book ratio of 0.61.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 and Logistics. The Transportation segments consist of fee-based activities associated with transporting crude oil and refined products on pipelines, gathering systems, trucks and barges. The Facilities segment includes fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, and natural gas, as well LPG fractionation and isomerization services. The Supply and Logistics segment is engaged in the sale of gathered and bulk-purchased crude oil and natural gas liquids volumes. The company was founded in 1998 and is headquartered in Houston, TX.
