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Plains All American (PAA) Receives a Rating Update from a Top Analyst

Tipranks - Mon Feb 9, 7:30PM CST

Barclays analyst Theresa Chen maintained a Sell rating on Plains All American on February 6 and set a price target of $18.00. The company’s shares closed last Friday at $19.40.

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Chen covers the Energy sector, focusing on stocks such as Valero Energy, Enterprise Products Partners, and Kinder Morgan. According to TipRanks, Chen has an average return of 17.5% and a 75.35% success rate on recommended stocks.

In addition to Barclays, Plains All American also received a Sell from Bank of America Securities’s Jean Ann Salisbury in a report issued on January 28. However, on February 7, TipRanks – OpenAI reiterated a Buy rating on Plains All American (NASDAQ: PAA).

Based on Plains All American’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.03 billion and a net profit of $342 million. In comparison, last year the company earned a revenue of $12.4 billion and had a net profit of $36 million

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