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TheStreet Wire

Plains All American Pipeline Stock Hits New 52-Week High (PAA)

By TheStreet Wire 08/06/12 - 03:09 PM EDT

Find out if (PAA) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Plains All American Pipeline (NYSE:PAA) hit a new 52-week high Monday as it is currently trading at $88.01, above its previous 52-week high of $88 with 203,982 shares traded as of 2:45 p.m. ET. Average volume has been 452,100 shares over the past 30 days.

Plains All American Pipeline has a market cap of $13.87 billion and is part of the basic materials sector and energy industry. Shares are up 17.1% year to date as of the close of trading on Friday.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, refined products, and liquid petroleum gas (LPG) products in the United States and Canada. The company has a P/E ratio of 17.2, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, compelling growth in net income, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Plains All American Pipeline Ratings Report.

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