These Analysts Increase Their Forecasts On Plains All American Pipeline Following Q4 Results

Benzinga
02/09

Plains All American Pipeline, L.P. (NASDAQ:PAA) reported downbeat earnings for the fourth quarter on Friday.

The company posted quarterly earnings of 40 cents per share which missed the analyst consensus estimate of 41 cents per share. The company reported quarterly sales of $10.565 billion which missed the analyst consensus estimate of $12.731 billion.

“Last year we took significant steps to transition the company toward becoming the premier North American pure play crude oil midstream provider, including the announced sale of our Canadian NGL business and the acquisition of Cactus III. For 2026, the team is focused on closing the pending NGL sale, realizing synergies on the Cactus III acquisition and driving efficiency initiatives throughout the organization. These self-help actions provide levers for efficient growth in an otherwise volatile near-term oil macro environment,” said Willie Chiang, Chairman, CEO and President.

Plains All American shares fell 1.6% to trade at $19.09 on Monday.

These analysts made changes to their price targets on Plains All American following earnings announcement.

  • Wells Fargo analyst Michael Blum maintained Plains All American with an Equal-Weight rating and raised the price target from $20 to $21.
  • Barclays analyst Theresa Chen maintained the stock with an Underweight rating and raised the price target from $17 to $18.
  • Scotiabank analyst Brandon Bingham maintained the stock with a Sector Outperform and raised the price target from $22 to $23.

Considering buying PAA stock? Here’s what analysts think:

Photo via Shutterstock

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10