Plains All American (PAA) is Downgraded by Raymond James to Mkt Perform

Plains All American (PAA) is Downgraded by Raymond James to Mkt Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Plains All American Pipeline, L.P. has dropped 26.06% during the last 3-month period . Year-to-Date the stock performance stands at -51.88%.

Plains All American Pipeline, L.P. (NYSE:PAA) has dropped 4.74% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 9.17% in the last 4 weeks. The shares have underperformed the S&P 500 by 3.95% during the past week but Plains All American Pipeline, L.P. (NYSE:PAA) has outperformed the index in 4 weeks by 11.72%.

Plains All American Pipeline, L.P. (NYSE:PAA) : On Thursday heightened volatility was witnessed in Plains All American Pipeline, L.P. (NYSE:PAA) which led to swings in the share price. The shares opened for trading at $22.82 and hit $23.57 on the upside , eventually ending the session at $23.1, with a gain of 0.39% or 0.09 points. The heightened volatility saw the trading volume jump to 4,754,052 shares. The 52-week high of the share price is $52.7 and the company has a market cap of $9,188 million. The 52-week low of the share price is at $17.834 .

Currently the company Insiders own 1.3% of Plains All American Pipeline, L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.45% . Institutional Investors own 61.65% of Plains All American Pipeline, L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 1.29%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Kramer Phil D, officer (Exec. Vice President) of Plains All American Pipeline Lp, executed a transaction worth $475,250 on December 14, 2015. A total of 25,000 shares were purchased at an average price of $19.01. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Plains All American Pipeline, L.P. (Plains) is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids (NGL). The term NGL includes ethane and natural gasoline products, as well as propane and butane, products, which are also commonly referred to as liquefied petroleum gas (LPG). The Companys operations are conducted directly and indirectly through its primary operating subsidiaries. Through its general partner interest in PAA Natural Gas Storage, L.P., it also owns and operates natural gas storage facilities. The Company operates in three segments: Transportation, Facilities, and Supply and Logistics. In December 31, 2013, it completed the merger of PAA Natural Gas Storage, L.P with a wholly owned subsidiary of Plains, with the Company surviving the merger as a wholly owned subsidiary of PAA.