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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Plains All American Pipeline (NYSE: PAA) hit a new 52-week high Friday as it is currently trading at $57.57, above its previous 52-week high of $57.19 with 420,730 shares traded as of 11:56 a.m. ET. Average volume has been 942,000 shares over the past 30 days.

Plains All American Pipeline has a market cap of $18.8 billion and is part of the basic materials sector and energy industry. Shares are up 23.9% 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 and refined products in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics. The company has a P/E ratio of 23.3, above 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 revenue growth, reasonable valuation levels, solid stock price performance, increase in net income and growth in earnings per share. 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.

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