Plains All American Pipeline LP (PAA): Today's Featured Energy Laggard

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

Plains All American Pipeline ( PAA) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Plains All American Pipeline fell $0.80 (-1.3%) to $58.69 on average volume. Throughout the day, 955,369 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 909,500 shares. The stock ranged in price between $58.50-$59.50 after having opened the day at $59.50 as compared to the previous trading day's close of $59.49. Other companies within the Energy industry that declined today were: BMB Munai ( BMBM), down 16.7%, Torch Energy Royalty ( TRU), down 14.2%, Houston American Energy Corporation ( HUSA), down 8.3% and YPF Sociedad Anonima ( YPF), down 6.5%.
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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 $20.1 billion and is part of the basic materials sector. The company has a P/E ratio of 18.8, above the S&P 500 P/E ratio of 17.7. Shares are up 31.2% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 6 rate it a hold.

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.

On the positive front, InterOil Corporation ( IOC), down 9.6%, Warren Resources ( WRES), down 9.1%, Zion Oil & Gas ( ZN), down 6.0% and Global Geophysical Services ( GGS), down 6.0% , were all gainers within the energy industry with Exxon Mobil Corporation ( XOM) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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