What’s Propelling Plains All American Pipeline, L.P. to Increase So Much?

 What's Propelling Plains All American Pipeline, L.P. to Increase So Much?

In today’s session Plains All American Pipeline, L.P. (PAA) registered an unusually high (1,060) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious PAA increase. With 1,060 contracts traded and 60424 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAA161118C00032000 closed last at: $1.45 or 52.6% up. About 79,822 shares traded hands. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 39.55% since March 9, 2016 and is uptrending. It has outperformed by 32.14% the S&P500.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on November, 1. They expect $0.30 earnings per share, up 25.00% or $0.06 from last year’s $0.24 per share. PAA’s profit will be $117.90 million for 26.72 P/E if the $0.30 EPS becomes a reality. After $-0.20 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -250.00% EPS growth.

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

Out of 24 analysts covering Plains All American Pipeline LP (NYSE:PAA), 6 rate it a “Buy”, 1 “Sell”, while 17 “Hold”. This means 25% are positive. $49 is the highest target while $16 is the lowest. The $30.53 average target is -4.77% below today’s ($32.06) stock price. Plains All American Pipeline LP has been the topic of 51 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Monday, August 24, the company rating was maintained by Scotia Capital. The rating was downgraded by Barclays Capital on Monday, January 11 to “Equal Weight”. RBC Capital Markets maintained it with “Outperform” rating and $36 target price in Monday, November 16 report. RBC Capital Markets maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Thursday, February 11. RBC Capital Markets has “Sector Perform” rating and $19 price target. The firm has “Neutral” rating given on Thursday, August 6 by Robert W. Baird. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Mkt Perform” rating by FBR Capital on Friday, September 9. On Friday, April 1 the stock rating was reinitiated by Piper Jaffray with “Neutral”. Bank of America downgraded the stock to “Neutral” rating in Tuesday, February 9 report. Robert W. Baird upgraded Plains All American Pipeline, L.P. (NYSE:PAA) on Wednesday, July 13 to “Neutral” rating. The rating was maintained by RBC Capital Markets on Thursday, April 28 with “Sector Perform”.

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 0.98 in 2016 Q2. Its up 0.29, from 0.69 in 2016Q1. The ratio is positive, 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.
The Michigan-based Exchange Cap has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Motco reported 720 shares or 0% of all its holdings. Fire Group Inc Inc has 6,000 shares for 0.07% of their US portfolio. Finemark State Bank & Tru holds 0.01% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 2,799 shares. Joel Isaacson & Limited has 0.04% invested in the company for 7,500 shares. Mountain Lake Mgmt Ltd Llc accumulated 3.31% or 200,000 shares. Blackrock holds 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 40 shares. The Michigan-based Clarkston Capital Ltd Liability Corp has invested 0.03% in Plains All American Pipeline, L.P. (NYSE:PAA). State Of New Jersey Common Pension Fund D has 77,300 shares for 0.01% of their US portfolio. Creative Planning last reported 0.56% of its portfolio in the stock. Airain holds 13,052 shares or 0.02% of its portfolio. Whittier Tru Co last reported 0.02% of its portfolio in the stock. Moreover, Credit Suisse Ag has 0.03% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 845,160 shares. First Interstate National Bank & Trust reported 1,295 shares or 0.01% of all its holdings. Bollard Group Limited Liability Corporation, a Massachusetts-based fund reported 262,256 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 2 insider sales for $1.58 million net activity. vonBerg John also sold $1.06M worth of Plains All American Pipeline, L.P. (NYSE:PAA) shares. DUCKETT W DAVID also sold $515,804 worth of Plains All American Pipeline, L.P. (NYSE:PAA) shares.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids , natural gas and refined products. The company has a market cap of $12.60 billion. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. It has a 92.16 P/E ratio. The Company’s Transportation segment activities consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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.

More recent Plains All American Pipeline, L.P. (NYSE:PAA) news were published by: Businesswire.com which released: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions” on September 30, 2016. Also Businesswire.com published the news titled: “Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of …” on October 03, 2016. Benzinga.com‘s news article titled: “Morgan Stanley’s Midstream Pair Trade: Plains All American Upgraded, ONEOK …” with publication date: October 04, 2016 was also an interesting one.

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