In a report released today, Justin Jenkins from Raymond James maintained a Buy rating on Plains All American (PAA), with a price target of $9.00. The company’s shares closed last Monday at $6.53.
According to TipRanks.com, Jenkins is a 1-star analyst with an average return of -1.0% and a 53.0% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Phillips 66 Partners.
Currently, the analyst consensus on Plains All American is a Moderate Buy with an average price target of $9.88.
See today’s analyst top recommended stocks >>
Based on Plains All American’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.23 billion and net profit of $142 million. In comparison, last year the company earned revenue of $8.25 billion and had a net profit of $446 million.
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.