Could Plains All American Pipeline, L.P. Gain Strenght? Option Traders Don’t Think So

 Could Plains All American Pipeline, L.P. Gain Strenght? Option Traders Don't Think So

In today’s session Plains All American Pipeline, L.P. (PAA) recorded an unusually high (710) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious PAA decrease. With 710 contracts traded and 2074 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: PAA161216P00030000 closed last at: $1 or 66.7% up. About 1.04M shares traded hands. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 26.32% since April 27, 2016 and is uptrending. It has outperformed by 21.09% the S&P500.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on February, 13. They expect $0.42 earnings per share, up 75.00% or $0.18 from last year’s $0.24 per share. PAA’s profit will be $171.51M for 19.26 P/E if the $0.42 EPS becomes a reality. After $0.40 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

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

Out of 24 analysts covering Plains All American Pipeline LP (NYSE:PAA), 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 -5.63% below today’s ($32.35) stock price. Plains All American Pipeline LP has been the topic of 52 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, February 9 by Bank of America. The rating was downgraded by Raymond James to “Mkt Perform” on Monday, January 4. As per Thursday, August 6, the company rating was downgraded by Goldman Sachs. Oppenheimer maintained Plains All American Pipeline, L.P. (NYSE:PAA) on Thursday, November 5 with “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $20 target price in Thursday, April 28 report. The firm has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. Zacks downgraded the shares of PAA in a report on Monday, August 10 to “Hold” rating. On Friday, May 27 the stock rating was maintained by JP Morgan with “Neutral”. As per Thursday, August 6, the company rating was maintained by Stifel Nicolaus. Citigroup maintained it with “Buy” rating and $40 target price in Friday, August 7 report.

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 1.34 in Q2 2016. Its up 0.36, from 0.98 in 2016Q1. The ratio improved, 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.
Moreover, Commonwealth Of Pennsylvania School Empls Retrmt Systems has 1.88% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 3.71 million shares. Mufg Americas accumulated 0% or 1,650 shares. Tph Asset Mgmt Ltd Limited Liability Company last reported 0.06% of its portfolio in the stock. Mariner Group Inc Ltd Com holds 51,700 shares or 0.48% of its portfolio. Exchange Management holds 159 shares or 0% of its portfolio. Kayne Anderson Cap Advisors Lp accumulated 11.07M shares or 3.38% of the stock. Quantbot Ltd Partnership, a New York-based fund reported 20,328 shares. Oppenheimer & reported 61,828 shares or 0.05% of all its holdings. Exane Derivatives last reported 58 shares in the company. Usca Ria Ltd Liability Company has 0.22% invested in the company for 47,751 shares. Security Natl Trust accumulated 4,000 shares or 0.04% of the stock. The Texas-based Adell Harriman Carpenter has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Johnson Invest Counsel owns 12,038 shares or 0.01% of their US portfolio. The Colorado-based Rocky Mountain Advisers Ltd has invested 0.04% in Plains All American Pipeline, L.P. (NYSE:PAA). Riverpoint Cap Mngmt Ltd Liability Company owns 20,645 shares or 0.05% of their US portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 2 sales for $1.58 million net activity. On Thursday, August 18 the insider DUCKETT W DAVID sold $515,804. $1.06M worth of shares were sold by vonBerg John on Thursday, August 18.

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 $13.21 billion. The Firm operates through three divisions: Transportation, Facilities, and Supply and Logistics. It has a 64.03 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: Reuters.com which released: “BRIEF-John Raymond reports 7.2 pct stake in Plains All American Pipeline a…” on November 25, 2016. Also Businesswire.com published the news titled: “Plains All American Pipeline, L.P. and Plains GP Holdings, L.P. Announce …” on November 15, 2016. Seekingalpha.com‘s news article titled: “Plains All American Pipeline LP (PAA) Q3 2016 Results – Earnings Call Transcript” with publication date: November 04, 2016 was also an interesting one.

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