Top Wall Street Forecasters Revamp Plains All American Pipeline Price Expectations Ahead Of Q4 Earnings

Benzinga
02-07

Plains All American Pipeline, L.P. (NASDAQ:PAA) will release its fourth-quarter financial results, before the opening bell, on Friday, Feb. 7, 2025.

Analysts expect the Houston, Texas-based company to report quarterly earnings at 42 cents per share, compared to 42 cents per share in the year-ago period. Plains All American Pipeline projects quarterly revenue of $13.76 billion, compared to $12.7 billion a year earlier, according to data from Benzinga Pro.

On Jan. 13, the company announced the pricing of a $1 billion public offering of senior notes.

Plains All American Pipeline shares fell 1.4% to close at $20.01 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Raymond James analyst Justin Jenkins maintained a Strong Buy rating and raised the price target from $23 to $24 on Jan. 28, 2025. This analyst has an accuracy rate of 76%.
  • Barclays analyst Theresa Chen maintained an Underweight rating and increased the price target from $18 to $19 on Jan. 16, 2025. This analyst has an accuracy rate of 77%.
  • Scotiabank analyst Holly Stewart reinstated a Sector Outperform rating with a price target of $23 on Jan. 10, 2025. This analyst has an accuracy rate of 66%.
  • Wells Fargo analyst Michael Blum downgraded the stock from Overweight to Equal-Weight and cut the price target from $22 to $20 on Dec. 18, 2024. This analyst has an accuracy rate of 67%.
  • Morgan Stanley analyst Robert Kad downgraded the stock from Overweight to Equal-Weight and slashed the price target from $22 to $19 on Oct. 25, 2024. This analyst has an accuracy rate of 78%.

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

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