(PAA) Plains All American LP – Bull of the Day

Plains All American Pipeline LP (PAA) maintained its strong performance from the first quarter, with its revenues increasing across the board. Going forward, the partnership expects the strong performance to continue into the second half of 2011, and therefore raised its EBITDA forecast for 2011. This bullishness has also prompted analysts to raise their estimates for this year.

The 2011 Zacks Consensus Estimate has risen to $4.22 from $3.85 in the last 30 days. We believe the partnership’s low-risk and stable revenue stream will continue to give its earnings and cash flows a high degree of certainty.

Also, the partnership’s strong balance sheet provides ample flexibility for higher distributions to unitholders along with pursuing its internal and acquisition-oriented growth projects. We move to an Outperform recommendation for PAA.

Zacks Investment Research

About vitalstocks

This is a sample profile field. Vitalstocks is the operating company for Stockbloghub. This will place the picture of the author or company in the profile. Here is another extra line of information.

Comments

Powered by Facebook Comments


Similar Posts: | | Basic Materials | Oil & Gas Pipelines

RSS feeds: PAA | Plains All American Pipeline LP | Basic Materials | Oil & Gas Pipelines |

Other Posts by | RSS Feed for this author