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PAA

Plains All American

$24.49

-0.22 (-0.89%)

, PAGP

Plains GP Holdings

$24.90

0.085 (0.34%)

07:18
04/04/19
04/04
07:18
04/04/19
07:18

Plains All American completes deleveraging plan, updates financial policy

Plains All American Pipeline (PAA) and Plains GP Holdings (PAGP) announced achievement of Plains' August 2017 deleveraging plan, updates to its financial policy, an increase to its common unit and Class A share distributions, and declaration of Series A & B Preferred Units distributions. Key elements of the announcement include: Successful achievement of Plains' August 2017 deleveraging plan and associated financial policy review; Further improving PAA's credit profile by lowering its targeted long-term debt to Adjusted EBITDA leverage ratio by 0.5x to a range of 3.0 - 3.5x with the objective of achieving mid-triple B equivalent investment grade ratings over time; Establishing long-term sustainable minimum annual distribution coverage level of 130% underpinned by predominantly fee-based cash flows; Increasing PAA & PAGP's annualized distribution by $0.24 per common unit and per Class A share, respectively ($1.44 per common unit and per Class A share on an annualized basis), payable May 15, 2019 to holders of record on May 1, 2019, which equates to a 20% increase from the distributions paid in February 2019; Adoption of an annual cycle for setting the common unit distribution level, consistent with the annual planning process; and Intention to increase distributions in the future contingent on achieving and maintaining targeted leverage and coverage ratios and subject to the annual review process; In the interim, expect +/- 5% annual common unit distribution increases over the next couple of years.

PAA

Plains All American

$24.49

-0.22 (-0.89%)

PAGP

Plains GP Holdings

$24.90

0.085 (0.34%)

  • 07

    May

  • 07

    May

PAA Plains All American
$24.49

-0.22 (-0.89%)

01/02/19
GSCO
01/02/19
UPGRADE
Target $28
GSCO
Buy
Plains All American upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Jerren Holder upgraded Plains All American to Buy from Neutral and raised his price target to $28 from $27.
01/02/19
GSCO
01/02/19
NO CHANGE
Target $24
GSCO
Conviction Buy
Kinder Morgan remains top pick among midstream energy stocks, says Goldman Sachs
Goldman Sachs analysts Jerren Holder and Michael Lapides have a positive view of the Midstream energy stocks moving toward positive free cash flows, with Conviction Buy-rated Kinder Morgan (KMI) as their top pick. In a broader research note, the analysts also upgraded Plains All American (PAA) and Cheniere Energy (LNG) to Buy from Neutral and Semgroup (SEMG) and Sunoco (SUN) to Neutral from Sell. The analysts note that the "simplification thesis" in the sector continues to play out, volumes are growing, and "many new takeaway pipelines are coming online", even though the midstream stocks' performance has been lagging. Holder and Lapides believe that an inflection is ahead with more major projects coming online after a period of high capital spending.
02/05/19
EVER
02/05/19
INITIATION
Target $24
EVER
In Line
Plains All American initiated with an In Line at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Plains All American with an In Line and $24 price target.
02/06/19
TUDR
02/06/19
UPGRADE
TUDR
Buy
Plains All American upgraded to Buy from Hold at Tudor Pickering
PAGP Plains GP Holdings
$24.90

0.085 (0.34%)

12/20/18
JEFF
12/20/18
UPGRADE
Target $26
JEFF
Buy
Plains GP Holdings upgraded to Buy from Hold at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded Plains GP Holdings to Buy with an unchanged price target of $26. The analyst finds the Midstream & Refining attractive citing "simplified structures, reduced leverage, minimal equity need, and continued growth." U.S. Midstream and Refining equities are approaching year-end at multi-year lows with valuation multiples 15%-30% below three-year averages, Sighinolfi tells investors in a research note titled "Hey Nineteen, That's Real Opportunity." The analyst sees "supportive" 2019-2020 fundamentals and believes investors will find value in the sector. As such, he upgraded 10 names in the space.
01/02/19
GSCO
01/02/19
UPGRADE
Target $28
GSCO
Buy
Plains GP Holdings upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst Jerren Holder upgraded Plains GP Holdings to Buy from Neutral and raised his price target to $28 from $27.
02/05/19
EVER
02/05/19
INITIATION
Target $24
EVER
In Line
Plains GP Holdings initiated with an In Line at Evercore ISI
Evercore ISI analyst Durgesh Chopra initiated Plains GP Holding with an In Line and $24 price target.
03/22/19
JPMS
03/22/19
DOWNGRADE
Target $21
JPMS
Neutral
Kinder Morgan downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Jeremy Tonet downgraded Kinder Morgan (KMI) to Neutral from Overweight with an unchanged price target of $21. The analyst sees a more balanced risk/reward profile and less upside potential relative to peers following the stock's 34% year-to-date total return. He prefers PPL Corp. (PPL), Williams (WMB) and Plains GP Holdings (PAGP) in the North American Energy Infrastructure C-Corps space.

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Northfield Bancorp

$14.70

0.09 (0.62%)

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TSLA

Tesla

$258.70

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MXWL

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OMAB

OMA Airports

$48.34

-0.25 (-0.51%)

18:18
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HMC

Honda

$27.70

-0.8 (-2.81%)

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NTDOY

Nintendo

$0.00

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  • 08

    Jun

ARGO

Argo Group

$74.46

0.515 (0.70%)

18:04
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Argo Group says Voce making 'false and misleading' statements about company »

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  • 11

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SJW

SJW Corp.

$61.56

0.3 (0.49%)

18:03
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Earnings
SJW Corp. reports Q1 EPS 21c with items, consensus 14c »

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  • 24

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CE

Celanese

$110.96

-1.19 (-1.06%)

18:02
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Celanese announces acetyl intermediates price increases »

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  • 30

    Apr

ISTR

Investar Holding

$22.45

-0.09 (-0.40%)

18:02
04/24/19
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Earnings
Investar Holding reports Q1 EPS 46c, consensus 45c »

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  • 22

    May

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

18:00
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Earnings
Microsoft sees total Q4 revenue at implied $32.2B-$32.9B, consensus $32.63B »

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ISBC

Investors Bancorp

$12.27

0.07 (0.57%)

17:52
04/24/19
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Earnings
Investors Bancorp reports Q1 EPS 18c, consensus 20c »

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  • 25

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:51
04/24/19
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17:51
Hot Stocks
Facebook CEO says 'quite focused on' commerce and payments »

Says "quite focused…

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:42
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Facebook says encrypted communications to be big focus in next couple of years »

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CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:42
04/24/19
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Earnings
Core Laboratories sees Q2 EPS 47c-50c, consensus 49c »

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CLB

Core Laboratories

$72.91

-1.605 (-2.15%)

17:41
04/24/19
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17:41
Earnings
Core Laboratories reports Q1 adjusted EPS 44c, consensus 43c »

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  • 25

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    May

MSFT

Microsoft

$125.00

-0.5 (-0.40%)

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Hot Stocks
Microsoft CEO says LinkedIn saw 'record level of engagement' in Q3 »

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:40
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Hot Stocks
Tesla CEO Musk says large number of vehicle deliveries shifted into Q2 »

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  • 24

    Apr

FB

Facebook

$182.64

-1.13 (-0.61%)

17:33
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Hot Stocks
Facebook sees changes making mobile ad targeting more difficult »

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  • 24

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  • 03

    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:32
04/24/19
04/24
17:32
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17:32
Earnings
Breaking Earnings news story on Packaging Corp. »

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  • 25

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PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:30
04/24/19
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Hot Stocks
Breaking Hot Stocks news story on Packaging Corp. »

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  • 25

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TSLA

Tesla

$258.70

-5.15 (-1.95%)

17:30
04/24/19
04/24
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17:30
Earnings
Tesla expects to significantly reduce loss in Q2, return to profitability in Q3 »

Tesla CEO Elon Musk said,…

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  • 24

    Apr

FOLD

Amicus

$13.15

-0.12 (-0.90%)

17:30
04/24/19
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17:30
Syndicate
Breaking Syndicate news story on Amicus »

Amicus files automatic…

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FB

Facebook

$182.64

-1.13 (-0.61%)

17:29
04/24/19
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Hot Stocks
Facebook says number of ad impressions served across all services rose 32% in Q1 »

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  • 24

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    Jun

PKG

Packaging Corp.

$98.86

0.33 (0.33%)

17:29
04/24/19
04/24
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04/24/19
17:29
Earnings
Packaging Corp. reports Q1 adjusted EPS $1.98, consensus $1.96 »

Reports Q1 revenue…

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