Oil and Gas Stock Roundup: Bad Earnings and Terrible Outlook Unleashed the Bears
Earnings season was in full force this week as several energy companies reported second-quarter results and provided updates on what to expect for the back half of the year. That said, not all those reports were positive, which caused the market to punish the offending parties.
In fact, the stocks of several energy companies plunged 20% or more this week after unveiling weak quarterly results and watering down their outlook. Among the biggest losers, according to data from S&P Market Intelligence, were Plains All American Pipeline (NYSE: PAA), Plains GP Holdings (NYSE: PAGP), Key Energy Services (NYSE: KEG), and Smart Sand (NASDAQ: SND).
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Source: Fool.com
Plains All American Pipeline LP Stock
€5.82
9.850%
Currently there is a rather positive sentiment for Plains All American Pipeline LP with 9 Buy predictions and 3 Sell predictions.
With a target price of 16 € there is potential for a 174.96% increase which would mean more than doubling the current price of 5.82 € for Plains All American Pipeline LP.
