Raymond James analyst Justin Jenkins maintained a Buy rating on Plains All American Pipeline L.P. on Thursday, setting a price target of $12, which is approximately 16.85% above the present share price of $10.27.
Jenkins expects Plains All American Pipeline L.P. to post earnings per share (EPS) of $0.13 for the first quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Plains All American, with an average price target of $11.17.
The analysts price targets range from a high of $13 to a low of $9.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $5.83 billion and a net profit of $251 million. The company's market cap is $7.48 billion.
According to TipRanks.com, Raymond James analyst Justin Jenkins is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.9% and a 60.16% success rate.
Plains All American Pipeline LP engages in the provision of transportation, storage, terminalling and marketing of crude oil, refined products and other natural gas-related petroleum products. It operates through the following business segments: Transportation, Facilities, and Supply and Logistics. The Transportation segments consist of fee-based activities associated with transporting crude oil and refined products on pipelines, gathering systems, trucks and barges. The Facilities segment includes fee-based activities associated with providing storage, terminalling and throughput services for crude oil, refined products, and natural gas, as well LPG fractionation and isomerization services. The Supply and Logistics segment is engaged in the sale of gathered and bulk-purchased crude oil and natural gas liquids volumes. The company was founded in 1998 and is headquartered in Houston, TX.