Is Plains All American Pipeline L.P. (NYSE:PAA) a Good Investment?

[EDGAR] Plains All American Pipeline, L.P. (NYSE:PAA)(TREND ANALYSIS) In accordance with General Instruction B.2. of Form 8-K, the following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such a filing.

Representatives of Plains All American Pipeline, L.P. (“PAA”) and Plains GP Holdings, L.P. (“PAGP”) intend to make a presentation and meet with members of the financial community at the 2015 Barclays CEO Energy – Power Conference to be held in New York, New York from September 8-10, 2015. The presentation, which will take place at 9:45 a.m. EDT on Wednesday, September 9th, will give an overview of PAA and PAGP, including strategic positioning, organic growth activities, financial growth strategy and related matters. On the morning of September 9, 2015, the prepared presentation materials will be made available for viewing at www.plainsallamerican.com under the Investor Relations tab. The presentation will also be webcast live beginning at approximately 9:45 a.m. EDT on Wednesday, September 9, 2015 and will be available for a period of approximately 90 days following the event at the following weblink:

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Plains All American Pipeline, L.P. (NYSE:PAA) stock is currently trading 43.26% below its 52-week-high, 13.51% above its 52-week-low. The 1-year stock price history is in the range of $30.06 – $60.13. Plains All American Pipeline, L.P. (PAA) has a price to earnings ratio of 23.27 versus Basic Materials sector average of 17.48. PAA stock price has underperformed the S&P 500 by 26.6%. The Oil & Gas Midstream company is currently valued at $13.57 billion and its share price closed the last trading session at $34.12. The stock has a 50-day moving average of $36.62 and a 200-day moving average of $44.64.

Plains All American Pipeline, L.P. (PAA) current short interest stands at 5.98 million shares. It has increased by 36% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.46 million shares, the number of days required to cover the short positions stand at 4.2 days.

PAA reported last quarter earnings on August 04. The Oil & Gas Midstream company announced earnings per share of $0.24 against a consensus Street estimate of $0.25, missing estimate by $0.01. This corresponds to a decrease of $0.31 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently twenty-eight analysts that cover Plains All American Pipeline, L.P. stock. Of those twenty-eight, twenty have a Buy rating, eight have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $44.32.

A recent analyst activity consisted of Scotia Howard Weil who initiated their coverage on the stock with Sector Perform rating on August 24. On the date of report, the stock closed at $31.66.

Jefferies reiterated their Buy stance on August 20, and decreased their price target from $54 to $42. This corresponds to a 23.09% upside from the last closing price. On the date of report, the stock closed at $33.49.

Another research firm was Citigroup who reiterated their Buy stance on August 7. Citigroup decreased price target from $55 to $40. This translates to a 17.23% upside from the last closing price. On the date of report, the stock closed at $35.37.

Company profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment transports crude oil and refined products on pipelines, gathering systems, trucks, and barges. As of December 31, 2011, this segment owned and leased 16,000 miles of active crude oil and refined products pipelines and gathering systems; 23 million barrels of above-ground tank capacity used primarily to facilitate pipeline throughput; 67 trucks and 382 trailers; and 82 transport and storage barges, and 44 transport tugs. The Facilities segment provides storage, terminalling, and throughput services for crude oil, refined products, and LPG and natural gas, as well as offers LPG fractionation and isomerization, and natural gas processing services. The Supply and Logistics segment purchases crude oil at the wellhead, and pipeline and terminal facilities; waterborne cargoes at their load port and various other locations in transit; and LPG from producers, refiners, and other marketers. This segment also resells or exchanges crude oil and LPG; and transports oil and LPG on trucks, barges, railcars, pipelines, and ocean-going vessels to various delivery points. It has 622 trucks and 731 trailers, and 2,453 railcars. The company also owns and operates natural gas storage facilities. Plains All American Pipeline, L.P. was founded in 1998 and is headquartered in Houston, Texas.

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