Plains All American Pipeline (PAA) Receiving Somewhat Favorable News Coverage, Report Shows

Media coverage about Plains All American Pipeline (NYSE:PAA) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Plains All American Pipeline earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.1767829753426 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

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Several analysts have recently commented on the stock. Credit Suisse Group assumed coverage on shares of Plains All American Pipeline in a research report on Thursday, January 4th. They set an “outperform” rating and a $25.00 price target on the stock. Bank of America assumed coverage on shares of Plains All American Pipeline in a research report on Tuesday, January 9th. They set a “neutral” rating on the stock. Morgan Stanley raised shares of Plains All American Pipeline from an “equal weight” rating to an “overweight” rating and set a $26.00 price target on the stock in a research report on Tuesday, February 13th. Barclays lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price target on the stock. in a research report on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Plains All American Pipeline in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Plains All American Pipeline currently has an average rating of “Hold” and an average target price of $26.37.

Shares of Plains All American Pipeline (NYSE:PAA) traded down $0.01 during midday trading on Tuesday, reaching $23.21. The company’s stock had a trading volume of 1,848,753 shares, compared to its average volume of 3,560,000. The stock has a market capitalization of $16,830.00, a price-to-earnings ratio of 11.32 and a beta of 0.81. The company has a current ratio of 0.88, a quick ratio of 0.73 and a debt-to-equity ratio of 1.06. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $31.93.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The firm had revenue of $7.61 billion during the quarter, compared to analysts’ expectations of $6.37 billion. Plains All American Pipeline had a net margin of 3.26% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. analysts predict that Plains All American Pipeline will post 1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend was Tuesday, January 30th. Plains All American Pipeline’s payout ratio is 58.54%.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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