Short interest for Plains All American gives investors a sense of the degree to which investors are betting on the decline of Plains All American's stock. Short interest data is updated every two weeks.

Plains All American Stock (NASDAQ:PAA), Short Interest Report

Plains All American

Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.

Long Ideas

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Markets

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Trading Ideas

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RIVN

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Earnings

Guidance

Plains All American Pipeline LP (PAA) reports strong Q4 2023 results, beating EPS consensus. Expects continued growth and increased returns in 2024.

Pipeline Powerhouse Plains All American&#39;s Q4 Earnings Leap Forward, Eyes Hefty Cash Flow in 2024

Pre-Market Outlook

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Plains All American Pipeline, L.P. - Common Units representing Limited Partner Interests

Plains All American Pipeline LP

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PAN AMERN ENERGY CORP by Pan American Energy Corp.

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Plains All American Pipeline LP RF PERPETUAL USD - Ser A 2023

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Shares of oil and gas companies are trading lower amid reports of Middle East peace talks.

Plains All American's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NYSE">PAA</a>) short percent of float has fallen 9.39% since its last report. The company recently reported that it has 10.26 million shares sold short, which is 2.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plains All American Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713810616_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains All American has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plains All American's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plains All American's peer group average for short interest as a percentage of float is 3.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(PAA) - Analyzing Plains All American's Short Interest

Stifel analyst Selman Akyol maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Buy and raises the price target from $18 to $22.

Price Target

Analyst Ratings

Stifel Maintains Buy on Plains All American, Raises Price Target to $22

UBS analyst Shneur Gershuni maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Buy and raises the price target from $21 to $22.

UBS Maintains Buy on Plains All American, Raises Price Target to $22

Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $19.88, along with a high estimate of $23.00 and a low estimate of $16.00. Surpassing the previous average price target of $17.33, the current average has increased by 14.71%.
<img src="https://www.benzinga.com/files/images/story/2024/1712934050_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Plains All American. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Mackay</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$16.00</td>
<td>$14.50</td>
</tr>
<tr>
<td>Tristan Richardson</td>
<td>Scotiabank</td>
<td>Announces</td>
<td>Sector Outperform</td>
<td>$23.00</td>
<td>-</td>
</tr>
<tr>
<td>Neal Dingmann</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$23.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Spiro Dounis</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$17.50</td>
<td>$16.50</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Plains All American. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Plains All American compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Plains All American's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Plains All American's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PAA/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Plains All American analyst ratings.</a>
<h2>Get to Know Plains All American Better</h2>
Plains All American provides transportation, storage, processing, fractionation, and marketing services for crude oil, refined products, natural gas liquids, liquefied petroleum gas, and related products. Plains' assets span the United States and Alberta, Canada, but are heavily concentrated in the Permian Basin.
<h3>Plains All American's Financial Performance</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Plains All American faced challenges, resulting in a decline of approximately -1.96% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Plains All American's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.95%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Plains All American's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.4%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.9%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Plains All American's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.77.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Plains All American Through 4 Analysts

Goldman Sachs analyst John Mackay maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Sell and raises the price target from $14.5 to $16.

Goldman Sachs Maintains Sell on Plains All American, Raises Price Target to $16

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Scotiabank analyst Tristan Richardson assumes Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Sector Outperform rating and announces Price Target of $23.

Initiation

Scotiabank Assumes Plains All American at Sector Outperform, Announces Price Target of $23

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Plains All American's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NYSE">PAA</a>) short percent of float has fallen 13.54% since its last report. The company recently reported that it has 9.00 million shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.12 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plains All American Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711114224_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains All American has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plains All American's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plains All American's peer group average for short interest as a percentage of float is 3.64%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Plains All American's Recent Short Interest

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he doesn&rsquo;t like Dominion Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>). &quot;I think that they made a lot of mistakes with their <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37555716/insiders-buying-snowflake-and-2-other-stocks"> balance sheet,&quot; he noted. </a>
On March 13, Barclays analyst Nicholas Campanella maintained Dominion Energy with an Overweight and raised the price target from $47 to $50.
During Tuesday&#39;s show, Cramer recommended selling iRobot (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/irbt#NASDAQ">IRBT</a>).
On March 11, iRobot reported a preliminary first-quarter loss of $2.13 to $2.00 per share on revenue of $137 million to $142 million.
When asked about Plains All American Pipeline, L.P. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/paa#NASDAQ">PAA</a>), he said, &quot;I see you, and I raise you with Enterprise Products Partners (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/epd#NYSE">EPD</a>), which is a better company.&quot;
On March 19, Truist Securities analyst Neal Dingmann maintained Plains All American with a Buy and raised the price target from $21 to $23.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
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On March 18, Rivian said its vehicles are now compatible with the Tesla supercharger network.
The &quot;Mad Money&quot; host said he wants to pause on DraftKings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dkng#NASDAQ">DKNG</a>). &quot;I don&rsquo;t want you to buy it up here. Let it come in,&quot; he added.
On March 18, DraftKings said Jason Park, DraftKings&#39; Chief Financial Officer, will become the Company&#39;s Chief Transformation Officer, effective as of May 1, 2024.
Price Action:
<ul>
<li>Shares of iRobot fell 4.1% to close at $8.83 on Tuesday.</li>
<li>Dominion Energy closed at $48.51 on Tuesday.</li>
<li>Rivian shares fell 1.2% to settle at $11.26.</li>
<li>DraftKings shares gained 0.6% to settle at $43.78 on Tuesday.</li>
<li>Plains All American Pipeline shares gained 0.6% to close at $17.17 on Tuesday.</li>
<li>Shares of SoFi rose 0.7% to settle at $7.08.</li>
<li>On Holding shares climbed&nbsp;4.1% to close at $34.23 on Tuesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/03/37839328/general-mills-likely-to-report-higher-q3-earnings-here-are-the-recent-forecast-changes-from-wall-st"> General Mills Likely To Report Higher Q3 Earnings; Here Are The Recent Forecast Changes From Wall Street&#39;s Most Accurate Analysts</a>
Photo:&nbsp;s_bukley/Shutterstock.com

Jim Cramer Says This EV Manufacturer Is 'Well-Run,' Recommends Selling iRobot

Truist Securities analyst Neal Dingmann maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Buy and raises the price target from $21 to $23.

Truist Securities Maintains Buy on Plains All American, Raises Price Target to $23

Citigroup analyst Spiro Dounis maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Neutral and raises the price target from $16.5 to $17.5.

Citigroup Maintains Neutral on Plains All American, Raises Price Target to $17.5

Plains All American's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NYSE">PAA</a>) short percent of float has fallen 14.55% since its last report. The company recently reported that it has 10.41 million shares sold short, which is 2.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.32 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Plains All American Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708367420_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Plains All American has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Plains All American's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Plains All American's peer group average for short interest as a percentage of float is 3.61%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Plains All American?

Plains All American Pipeline, L.P.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) reported fourth-quarter fiscal 2023 revenue of $12.698 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37031776/plains-all-american-reports-fourth-quarter-and-full-year-2023-results-announces-2024-guidance" rel="noreferrer noopener">in line with the consensus of $12.694 billion.</a>
Adjusted EPS was $0.42 (+27% Y/Y), <a href="https://www.benzinga.com/calendars/earnings">beating the consensus of $0.37.</a>
PAA reported an operating income of $426 million, compared to an operating loss of $(37) million a year ago.
The adjusted EBITDA attributable to PAA rose 12% Y/Y to $737 million, and the margin expanded by 72 bps to 5.8%.
The Crude Oil Segment Adjusted EBITDA rose 12% Y/Y to $563 million, reflecting higher volumes across pipeline systems, contributions from acquisitions, and the benefit of tariff escalation.
GL Segment Adjusted EBITDA grew 12% Y/Y to $169 million, reflecting favorable NGL basis differentials and additional market-based opportunities.
PAA generated Adjusted Free Cash Flow for fiscal 2023 of $1.60 billion and achieved year-end leverage of 3.1x.
The company said it delivered on its commitment to increase cash return to equity holders by increasing distributions to $0.20 per unit annualized in February 2023, representing a 23% YoY increase.
2024 Outlook:&nbsp;PAA expects adjusted EBITDA attributable to PAA of $2.625 billion to $2.725 billion. The company reaffirms leverage ratio target range of 3.25x &#8211; 3.75x.
The company expects to generate ~$1.65 billion of Adjusted Free Cash Flow and <a href="https://www.benzinga.com/calendars/guidance">$500 million after Distributions.</a>
&#8220;Looking forward to 2024, Plains remains well-positioned to deliver value to our unitholders through our continued focus on generating strong free cash flow, capital discipline, and increasing returns to unitholders all while maintaining our financial flexibility,&#8221; commented Willie Chiang, Chairman and CEO of Plains.
Price Action:&nbsp;PAA shares are trading lower by 0.13% at $15.33 on the last check Friday.

Pipeline Powerhouse Plains All American's Q4 Earnings Leap Forward, Eyes Hefty Cash Flow in 2024

Delivered on commitment to increase cash return to equity holders by increasing distributions $0.20 per unit annualized in February 2023, representing a 23% aggregate increase in the annualized distribution versus 2022 levels

Dividends

Plains All American Pipeline Board Approved Increasing The Common Distribution By $0.20 To $1.27 Per Unit Commencing February 2024

2024 Outlook
<ul>
<li>Expect full-year 2024 Adjusted EBITDA attributable to PAA of $2.625 - $2.725 billion 
	&nbsp;</li>
<li>Reaffirming leverage ratio target range of 3.25x - 3.75x reflecting commitment to balance sheet strength and flexibility 
	&nbsp;</li>
<li>Board approved increasing the annualized common distribution by $0.20 to $1.27 per unit commencing in February 2024, representing a 19% aggregate increase in the annualized distribution versus 2023 levels 
	&nbsp;</li>
<li>Expect to generate approximately $1.65 billion of Adjusted Free Cash Flow (excluding changes in Assets &amp; Liabilities) and $500 million of Adjusted Free Cash Flow after Distributions (excluding changes in Assets &amp; Liabilities) 
	&nbsp;</li>
<li>Remain focused on disciplined capital investments, anticipating full-year 2024 Investment and Maintenance Capital of +/- $375 million and +/- $230 million, net to PAA, respectively</li>
</ul>

Plains All American Pipeline Expect 2024 Adjusted EBITDA Of $2.625B - $2.725B; Expect To Generate ~$1.65B Of Adjusted Free Cash Flow

Very Good News For Energy Stocks

Barclays analyst Theresa Chen maintained a Sell rating on Plains All American (PAA – Research Report) on April 12 and set a price target of $18.00....

Plains All American (PAA) Gets a Sell from Barclays

Plains All American: A Buy Despite Recent Outperformance

EMO: Very Strong Recent Performance, But Higher Risks Than Peers

In a report released yesterday, Elvira Scotto from RBC Capital maintained a Hold rating on Plains All American (PAA – Research Report), with a pric...

Plains All American (PAA) Receives a Rating Update from a Top Analyst

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you&rsquo;ve been keeping up with the news lately, you know tensions in the Middle East have been escalating significantly. While they&rsquo;ve calmed down for the moment, as long as conflict continues raging in the region, it&rsquo;s only a matter of time before the next major flare-up. Moreover, production cuts from OPEC+ and sanctions on major oil producers like Russia can only mean oil will keep trading at elevated prices in the future. Venezuela also got slapped with sanctions recently, so <a href="https://investorplace.com/industries/energy/oil/">oil stocks</a> are a great investment right now.



However, some of the best bets might be more under the radar than you think. Companies with connections to the oil industry that are less talked about can deliver significantly higher returns since they&rsquo;re trading at very cheap levels. These aren&rsquo;t pure-play oil stocks, but their ties to the sector still make them compelling oil investments.



<h2>Plains All American Pipeline (PAA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/oil-pipeline-1600-300x169.jpg" alt="Pipelines in the desert"><div>Source: bht2000 / Shutterstock.com</div></div>Plains All American Pipeline (NASDAQ:<a href="https://investorplace.com/stock-quotes/paa-stock-quote/">PAA</a>) is a master limited partnership playing a key role in crude oil transportation within the United States and Canada. The company engages in vital activities like pipeline transport, marketing and storage of liquefied petroleum gas and petroleum. PAA stock has been outperforming significantly of late despite poor historical results. This impressive performance is largely attributable to America&rsquo;s ongoing industrial and infrastructure boom, alongside the push towards onshoring and reducing dependence on foreign oil.



Although modestly valued with a forward P/E of 14, a major plus for PAA is its high dividend yield of 7%, even amidst the stock&rsquo;s strong run. It&rsquo;s worth remembering this stock has trounced all benchmarks across the past three years thanks to a decisive shift in energy policy &ndash; a transformation unlikely to reverse course anytime soon. Even if we see a change in administration, Trump would probably keep tailwinds blowing for PAA since he has already signaled plans to unleash domestic drilling and production as soon as he takes office.



The total estimated <a href="https://seekingalpha.com/article/4684998-plains-all-american-stock-buy-despite-recent-outperformance">CapEx for 2024 is at $600 million</a>. In comparison, EBITDA of ~$2.75 billion leaves PAA with huge cash flow to either strengthen its balance sheet or reward shareholders directly via dividends.



<h2>Dynagas LNG Partners LP (DLNG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/oil-shipping1600-300x169.png" alt="Crude oil tanker and LPG Loading in port at sea view from above. Aerial view oil tanker ship shot from drone. Oil prices, oil shipping, oil stocks."><div>Source: Avigator Fortuner / Shutterstock.com</div></div>Dynagas LNG Partners (NYSE:<a href="https://investorplace.com/stock-quotes/dlng-stock-quote/">DLNG</a>) transports liquefied natural gas (LNG) worldwide through sea. The company owns and operates a fleet of six LNG carriers with a total carrying capacity approaching 1 million cubic meters. DLNG provides reliable performance to charterers and stakeholders.



While Russia does produce natural gas, most LNG imported by Europe and other Western nations comes from Qatar in the Middle East. This means LNG must pass through the Strait of Hormuz, so any conflict with Iran could cause shipping expenses and natural gas costs to surge upward. Tensions in the Red Sea have already triggered increases, alongside the threat of rare but possible Somali pirate attacks.



Despite appreciating 25% year-to-date, I see a massive remaining upside for DLNG since shares trade at a paltry 2.7 times forward earnings with steady profits that should let the company pay down debt and return substantial cash to shareholders.



<h2>Ardmore Shipping Corporation (ASC)</h2>



<div><img width="300" height="227" src="https://investorplace.com/wp-content/uploads/2014/06/natural-gas-pipeline-630-ISP-300x227.jpg" alt="gas"><div>Source: &copy;iStock.com/3dmentat</div></div>Bermuda-based Ardmore Shipping (NYSE:<a href="https://investorplace.com/stock-quotes/asc-stock-quote/">ASC</a>) specializes in the seaborne transportation of refined oil products and chemicals internationally. Their fleet of 22 owned plus four chartered vessels includes Eco-design and Eco-mod ships serving major oil companies, chemical producers and pooling providers.



Much like LNG carriers, Ardmore benefits from elevated shipping expenses caused by Middle East tensions, especially in vital chokepoints like the Strait of Hormuz and Bab el-Mandeb. ASC moves massive amounts of crude oil through the same narrow passages.



Although already up 370% since 2022, ASC still has a substantial upside. The stock has been flat over the past year but remains inexpensive. The juicy 5.7% forward dividend yield is also extremely attractive.



Beyond dividends, ASC boasts <a href="https://www.gurufocus.com/term/net-margin/ASC">stellar 29.5% margins</a> that beat 91% of industry peers. Alongside dividends, the company has substantially reduced debt and maintains a superb cash-to-debt ratio of just 0.5x. Yet, shares trade at only 5 times forward earnings.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-oil-stocks-to-buy-before-the-middle-east-spark/">3 Oil Stocks to Buy Before the Middle East Spark</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Press Releases

Plains All American Pipeline and Plains GP Holdings Announce Timing of Second-Quarter 2023 Earnings

General

Plains All American's 2022 Schedule K-3 Now Available

Plains Publishes 2022 Sustainability Report

Plains All American Reports Second-Quarter 2023 Results and Provides Updated 2023 Guidance

Plains All American Pipeline and Plains GP Holdings Announce Timing of Third-Quarter 2023 Earnings

Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions

Plains All American Reports Third-Quarter 2023 Results & Raises 2023 Guidance

Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Fourth-Quarter 2023 Earnings

Plains All American Reports Fourth-Quarter and Full-Year 2023 Results; Announces 2024 Guidance

Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of First-Quarter 2024 Earnings

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Plains All American Stock (NASDAQ:PAA), Short Interest Report

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