Plains All American Receives a Buy from Jefferies

By Austin Angelo

Jefferies analyst Christopher Sighinolfi reiterated a Buy rating on Plains All American (NYSE: PAA) yesterday and set a price target of $25. The company’s shares closed yesterday at $23.96.

According to, Sighinolfi is a 5-star analyst with an average return of 12.5% and a 69.9% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Energy Transfer Partners LP, and Dcp Midstream Partners Lp.

Currently, the analyst consensus on Plains All American is Moderate Buy and the average price target is $23.71, representing a -1.0% downside.

In a report issued on January 5, Credit Suisse also initiated coverage with a Buy rating on the stock with a $25 price target.

Based on Plains All American’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $6.1 billion and quarterly net profit of $28 million. In comparison, last year the company earned revenue of $6.18 billion and had a net profit of $125 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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Plains All American Pipeline LP engages in the provision of transportation, storage, terminal ling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics.