After Today’s Bullish Options Activity, Is Plains All American Pipeline, L.P.’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Plains All American Pipeline, L.P.'s Near Term Analysis Positive?

In today’s session Plains All American Pipeline, L.P. (PAA) registered an unusually high (1,602) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the February, 2017 call, expecting serious PAA increase. With 1,602 contracts traded and 17894 open interest for the Feb, 17 contract, it seems this is a quite bullish bet. The option with symbol: PAA170217C00033000 closed last at: $1.25 or 4.2% up. About 1.22M shares traded hands. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 42.41% since April 4, 2016 and is uptrending. It has outperformed by 41.32% the S&P500.

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

Out of 24 analysts covering Plains All American Pipeline LP (NYSE:PAA), 7 rate it a “Buy”, 1 “Sell”, while 16 “Hold”. This means 29% are positive. $49 is the highest target while $16 is the lowest. The $30.53 average target is 7.27% above today’s ($28.46) stock price. Plains All American Pipeline LP has been the topic of 52 analyst reports since August 6, 2015 according to StockzIntelligence Inc. As per Thursday, November 5, the company rating was maintained by Oppenheimer. The firm earned “Overweight” rating on Tuesday, October 4 by Morgan Stanley. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Neutral” rating given on Wednesday, January 13 by JP Morgan. The firm earned “Buy” rating on Thursday, August 6 by Stifel Nicolaus. The rating was reinitiated by Wunderlich with “Hold” on Wednesday, August 31. On Friday, September 11 the stock rating was downgraded by Goldman Sachs to “Sell”. Wells Fargo upgraded Plains All American Pipeline, L.P. (NYSE:PAA) on Wednesday, October 5 to “Outperform” rating. The stock has “Hold” rating given by Stifel Nicolaus on Thursday, November 5. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 16 report. The stock has “Neutral” rating given by Credit Suisse on Thursday, November 5.

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.
Leavell Inv Mgmt has 0.04% invested in the company for 8,942 shares. Moreover, Comm Bancorp has 0.02% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 41,471 shares. The New Jersey-based Fincl Architects has invested 0.03% in Plains All American Pipeline, L.P. (NYSE:PAA). King Luther Capital Corporation last reported 8,989 shares in the company. Ct Mason last reported 2.58% of its portfolio in the stock. Travelers owns 979,400 shares or 8.37% of their US portfolio. Moody National Bank & Trust Tru Division accumulated 8,500 shares or 0.01% of the stock. Mark Sheptoff Financial Planning Ltd Liability Com reported 218 shares or 0% of all its holdings. Parametric Port Limited Liability Company holds 1.00M shares or 0.04% of its portfolio. Nuveen Asset Mngmt Ltd Co last reported 78,519 shares in the company. Huntington Comml Bank accumulated 7,659 shares or 0.01% of the stock. Botty Investors Ltd Limited Liability Company holds 0.2% or 12,475 shares in its portfolio. First Republic Inc has 119,475 shares for 0.03% of their US portfolio. Baldwin Limited Liability Co holds 9,800 shares or 0.12% of its portfolio. Tiaa Cref Inv Mngmt Ltd Llc holds 0.02% or 730,987 shares in its portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 2 selling transactions for $1.58 million net activity. $515,804 worth of Plains All American Pipeline, L.P. (NYSE:PAA) shares were sold by DUCKETT W DAVID. vonBerg John sold 35,410 shares worth $1.06M.

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 $11.32 billion. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. It has a 81.81 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: Seekingalpha.com which released: “Plains All American Pipeline LP (PAA) Q3 2016 Results – Earnings Call Transcript” on November 04, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Enterprise Products, Plains All American Pipeline and …” on October 25, 2016. Zacks.com‘s news article titled: “Plains All American (PAA) Tops Q3 Earnings, Revenue Fall” with publication date: November 03, 2016 was also an interesting one.

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