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

NEW YORK ( TheStreet) -- Plains All American Pipeline (NYSE: PAA) hit a new 52-week high Friday as it is currently trading at $84.60, above its previous 52-week high of $84.48 with 150,990 shares traded as of 11:54 a.m. ET. Average volume has been 440,300 shares over the past 30 days.

Plains All American Pipeline has a market cap of $13.48 billion and is part of the basic materials sector and energy industry. Shares are up 13.8% year to date as of the close of trading on Thursday.

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 16.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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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