JP Morgan Cazenove Maintains a Overweight Rating on BP PLC (LON:BP) and GBX 560.00 Target; Plains All American Pipeline LP (PAA) Sellers Decreased By 10.75% Their Shorts

February 7, 2018 - By John Hoffman

Plains All American Pipeline LP (NYSE:PAA) had a decrease of 10.75% in short interest. PAA’s SI was 12.03M shares in February as released by FINRA. Its down 10.75% from 13.48 million shares previously. With 4.00M avg volume, 3 days are for Plains All American Pipeline LP (NYSE:PAA)’s short sellers to cover PAA’s short positions. The SI to Plains All American Pipeline LP’s float is 3.02%. The stock increased 1.68% or $0.34 during the last trading session, reaching $20.57. About 3.03 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since February 7, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

In a research note revealed to investors and clients on Wednesday morning, BP PLC (LON:BP) stock Overweight was reaffirmed by Analysts at JP Morgan Cazenove. They currently have a GBX 560.00 TP on the stock. JP Morgan Cazenove’s TP gives a potential upside of 16.70% from the company’s last stock close price.

The stock increased 1.26% or GBX 6 during the last trading session, reaching GBX 481. About 10.24M shares traded. BP p.l.c. (LON:BP) has 0.00% since February 7, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 26 analysts covering BP PLC (LON:BP), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. BP PLC has GBX 675 highest and GBX 325 lowest target. GBX 505.72’s average target is 5.14% above currents GBX 481 stock price. BP PLC had 398 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of BP p.l.c. (LON:BP) earned “Buy” rating by Deutsche Bank on Wednesday, July 29. Barclays Capital maintained it with “Overweight” rating and GBX 625 target in Tuesday, December 20 report. On Friday, July 28 the stock rating was maintained by Barclays Capital with “Overweight”. Barclays Capital maintained it with “Overweight” rating and GBX 625 target in Tuesday, May 30 report. The company was maintained on Wednesday, August 31 by Canaccord Genuity. As per Wednesday, April 27, the company rating was maintained by Beaufort Securities. The rating was maintained by HSBC on Monday, June 20 with “Buy”. Goldman Sachs maintained BP p.l.c. (LON:BP) on Monday, October 2 with “Neutral” rating. The rating was maintained by Citigroup on Wednesday, March 1 with “Buy”. Barclays Capital maintained BP p.l.c. (LON:BP) rating on Monday, October 2. Barclays Capital has “Top Pick” rating and GBX 675 target.

BP p.l.c. operates as an integrated gas and oil firm worldwide. The company has market cap of 95.80 billion GBP. It operates through three divisions: Upstream, Downstream, and Rosneft. It has a 24.54 P/E ratio. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of natural gas, including liquefied natural gas , and power and natural gas liquids (NGLs).

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. Plains All American Pipeline LP has $49 highest and $16 lowest target. $27.17’s average target is 32.09% above currents $20.57 stock price. Plains All American Pipeline LP had 100 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets upgraded the shares of PAA in report on Monday, August 28 to “Outperform” rating. As per Thursday, November 5, the company rating was maintained by Oppenheimer. The firm has “Hold” rating given on Monday, April 24 by Jefferies. The firm earned “Neutral” rating on Wednesday, June 15 by SunTrust. The firm has “Equal-Weight” rating given on Thursday, May 26 by Morgan Stanley. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, August 8. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, November 8. The stock has “Hold” rating by Deutsche Bank on Thursday, July 13. The firm earned “Sell” rating on Friday, September 11 by Goldman Sachs.

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids , natural gas, and refined products in the United States and Canada. The company has market cap of $14.92 billion. The Company’s Transportation segment transports crude oil and NGL through pipelines, gathering systems, trucks, and barges. It has a 22.73 P/E ratio. As of December 31, 2016, this segment owned and leased 19,200 miles of active crude oil and NGL pipelines and gathering systems; 31 million barrels of active and above-ground tank capacity; 810 trailers; 120 transport and storage barges; and 60 transport tugs.

Investors sentiment decreased to 0.63 in 2017 Q3. Its down 0.42, from 1.05 in 2017Q2. It turned negative, as 62 investors sold Plains All American Pipeline, L.P. shares while 124 reduced holdings. 35 funds opened positions while 82 raised stakes. 303.49 million shares or 3.28% more from 293.86 million shares in 2017Q2 were reported. Ohio-based Cincinnati Ins Communication has invested 0.15% in Plains All American Pipeline, L.P. (NYSE:PAA). California Employees Retirement Sys holds 1.58M shares. Fiduciary Of The Southwest Tx invested in 0.19% or 30,279 shares. Verition Fund Ltd Liability Corp invested 0.32% in Plains All American Pipeline, L.P. (NYSE:PAA). Moreover, Cutter & Communications Brokerage has 0.14% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 16,216 shares. Outfitter Advsrs accumulated 0.08% or 10,759 shares. Hite Hedge Asset Mngmt Ltd reported 127,001 shares. Smithfield Tru owns 1,420 shares. Raymond James Financial Svcs Advsrs Incorporated has 464,446 shares for 0.06% of their portfolio. Jrm Counsel Lc reported 21,179 shares or 0.36% of all its holdings. Fiera, Quebec – Canada-based fund reported 32,418 shares. Prtnrs Grp Ag reported 70,000 shares. Parametric Port holds 1.13 million shares or 0.03% of its portfolio. Coastline holds 0.05% or 13,810 shares. Spectrum Mngmt Grp accumulated 0.05% or 6,700 shares.