Plains All American Pipeline LP (PAA): Today's Featured Energy Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.1%. By the end of trading, Plains All American Pipeline fell $0.54 (-1.1%) to $50.90 on heavy volume. Throughout the day, 2,514,746 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 1,126,200 shares. The stock ranged in price between $50.32-$51.49 after having opened the day at $51.49 as compared to the previous trading day's close of $51.44. Other companies within the Energy industry that declined today were:
(
), down 9.6%,
(
), down 6.0%,
(
), down 4.3% and
Andatee China Marine Fuel Services Corporat
(
), down 3.9%.
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. Plains All American Pipeline has a market cap of $17.7 billion and is part of the basic materials sector. Shares are up 13.7% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Plains All American Pipeline
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Plains All American Pipeline Ratings Report.
On the positive front,
(
), up 10.5%,
(
), up 9.7%,
Houston American Energy Corporation
(
), up 8.2% and
(
), up 7.3% , were all gainers within the energy industry with
(
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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