Plains All American Pipeline
About: Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
Employees: 4,200
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
59% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 78
44% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 25
30% more call options, than puts
Call options by funds: $106M | Put options by funds: $81.6M
3% more funds holding
Funds holding: 352 [Q2] → 363 (+11) [Q3]
1.58% less ownership
Funds ownership: 43.24% [Q2] → 41.66% (-1.58%) [Q3]
6% less capital invested
Capital invested by funds: $5.42B [Q2] → $5.07B (-$343M) [Q3]
36% less funds holding in top 10
Funds holding in top 10: 14 [Q2] → 9 (-5) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$19
12%
upside
Avg. target
$19.33
14%
upside
High target
$20
18%
upside
3 analyst ratings
0 positive
0%
3 neutral
100%
0 negative
0%
Wells Fargo Michael Blum 75% 1-year accuracy 24 / 32 met price target | 18%upside $20 | Equal-Weight Downgraded | 18 Dec 2024 |
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target | 12%upside $19 | Sector Perform Reiterated | 15 Nov 2024 |
Morgan Stanley Robert Kad 64% 1-year accuracy 9 / 14 met price target | 12%upside $19 | Equal-Weight Downgraded | 25 Oct 2024 |
Financial journalist opinion
Based on 5 articles about PAA published over the past 30 days
Positive
Seeking Alpha
18 hours ago
Buy The Dip: High-Yield High-Growth Stocks Getting Way Too Cheap
The Federal Reserve's announcement of fewer rate cuts has caused market panic, accelerating pullbacks in high-yield, high-growth stocks. However, I have found that high-yield, high-growth stocks are among the most rewarding investments. I share two high-yield, high-growth stocks that Mr. Market appears to be overlooking right now.
Positive
Seeking Alpha
6 days ago
Piping Hot Yields: Why Plains All American's Distribution Is A Bargain
Exxon Mobil's strategic M&A and focus on high-margin traditional oil and gas have driven its market cap growth, outpacing peers. Plains All American Pipeline offers a compelling 7.1% yield, strong cash flow coverage, and undervaluation, despite facing pipeline overcapacity and recontracting risks. PAA's disciplined capital allocation and strategic NGL investments position it for long-term growth, supported by Permian production increases.
Negative
Zacks Investment Research
2 weeks ago
3 Oil & Gas Pipeline Stocks Likely to Thrive Despite Industry Woes
Conservative capital spending by upstream players is hurting demand for midstream player???s assets.
Positive
Seeking Alpha
2 weeks ago
Why Plains All American Is My High Conviction Income Stock
Plains All American offers a compelling investment with a high 6.9% yield, strong balance sheet, and undervaluation compared to peers. PAA's diversified midstream energy assets and robust growth in Permian Basin volumes underpin stable fee-based cash flows and growth prospects. The company's disciplined capital allocation, high DCF-to-Distribution coverage ratio, and low leverage enhance its financial stability and income potential.
Positive
Seeking Alpha
4 weeks ago
The Higher They Soar, The More I Buy
My favorite sector has performed extremely well in recent years. However, despite the incredible run it has been on, I think now is the best time yet to buy it. I share why and some of my top picks of the moment in the sector.
Positive
Seeking Alpha
1 month ago
Plains All American Pipeline Aims For Fee-Based Growth
Plains All American Pipeline, L.P. reported mixed Q3 '24 results with a revenue miss but an earnings beat, and guided to the top end of their adjusted EBITDA range for eFY24. Strength in Permian assets and enhanced oil recovery techniques are expected to drive capital efficiency and operational resilience, supporting a lower capital outlay. Plains All American's disciplined bolt-on acquisitions and the Fort Saskatchewan fractionation project are poised to enhance fee-based cash flow and overall financial stability.
Negative
Reuters
1 month ago
Plains All American agrees to pay about $73 mln to settle California oil spill lawsuit
Plains All American Pipeline has agreed to pay $72.5 million to settle a lawsuit over the 2015 Refugio Beach oil spill in Santa Barbara, a filing showed on Tuesday.
Negative
Seeking Alpha
1 month ago
Plains All American Pipeline: Results Were Okay, Company Should Be A Nice Income Source
Plains All American Pipeline's Q3 2024 results were mixed, missing revenue expectations but beating non-GAAP earnings, leading to a 3.91% decline in unit price. Despite the revenue miss, gross profit remained stable, with a 3.03% decline from Q2 2024 but a significant increase from Q3 2023. The company is seeing growth from its subsidiaries but weakness in other business segments.
Neutral
Seeking Alpha
1 month ago
Plains All American Pipeline: Risky Fixed Income Play
Plains All American Pipeline maintains a stable market share and competitive advantage in crude oil transportation, but faces revenue volatility due to fluctuating oil prices. The company's profitability is low, with average gross and net margins of 7.5% and 1.59%, primarily due to its focus on crude oil transportation. Despite high debt levels, Plains All American Pipeline shows slightly stronger FCF margins than competitors, attributed to lower capex spending.
Neutral
Seeking Alpha
1 month ago
Plains All American Pipeline, L.P. Common Units (PAA) Q3 2024 Earnings Call Transcript
Plains All American Pipeline, L.P. Common Units (NASDAQ:PAA ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Blake Fernandez - Vice President, Investor Relations Willie Chiang - Chairman and Chief Executive Officer Al Swanson - Executive Vice President and Chief Financial Officer Jeremy Goebel - Executive Vice President and Chief Commercial Officer Chris Chandler - Executive Vice President and Chief Operating Officer Conference Call Participants Michael Blum - Wells Fargo Spiro Dounis - Citi Jeremy Tonet - JPMorgan Securities Neel Mitra - Bank of America AJ O'Donnell - TPH Manav Gupta - UBS John Mackay - Goldman Sachs Neal Dingmann - Truist Securities Operator Hello, and welcome to PAA and PAGP Third Quarter 2024 Earnings Call.
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