Plains All American Pipeline, L.P. (PAA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 13.6% in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter 2018 results.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Plains All American. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Plains All American currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Oil and Gas - Production Pipeline - MLP industry is TC PipeLines, LP (TCP), which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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