Stocks to Watch For: Plains All American Pipeline, L.P. (NYSE:PAA)


Plains All American Pipeline, L.P. (NYSE:PAA) retreated -1.1% and closed its last session at $29.66. The stock has the market capitalization of $12.25 Billion with the total outstanding shares of 412.96 Million. Plains All American Pipeline, L.P.. has Analysts’ Mean Recommendation of 2.24 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 58.73 for trailing twelve months while its Forward P/E is 17.07.

Plains All American Pipeline, L.P. (NYSE:PAA) touched its 52-Week High of $33 on Oct 18, 2016 while it’s 52-Week Low of $14.82 on Feb 9, 2016. The company currently has Return on Assets of 0.9 percent, Return on Equity of 2.8% and Return on Investment of 6.1 percent. The stock currently showing Weekly Volatility of 3.25%% and Monthly Volatility of 3.13% Percent with Average True Range of 0.98 and Beta of 0.9.

The 20 analysts offering 12-month price forecasts for Plains All American Pipeline LP have a median target of 32.00, with a high estimate of 37.00 and a low estimate of 26.00. The median estimate represents a +7.89% increase from the last price of 29.66.

Press Release:

The Company on 22 November declared that it has completed an underwritten public offering of $750 million aggregate principal amount of 4.500% senior unsecured notes due December 15, 2026, at a public offering price of 99.716% with a yield to maturity of 4.535%.

Total net proceeds of the offering were approximately $741.3 million. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its senior unsecured revolving credit facility and commercial paper program and for general partnership purposes. Amounts repaid under the Partnership’s senior unsecured revolving credit facility and commercial paper program may be reborrowed, as necessary, to fund its ongoing expansion capital program, future acquisitions and investments or for general partnership purposes.

J.P. Morgan Securities LLC; BNP Paribas Securities Corp.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Wells Fargo Securities, LLC; BBVA Securities Inc.; DNB Markets, Inc.; and SMBC Nikko Securities America, Inc. acted as joint book-running managers of the offering.

Company Profile:

Plains All American Pipeline, L.P. is engaged in interstate and intrastate marketing, transportation and terminalling of crude oil.