Equities research analysts forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will report earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Plains All American Pipeline’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.60. Plains All American Pipeline reported earnings of $0.80 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 41.3%. The company is expected to report its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that Plains All American Pipeline will report full-year earnings of $2.65 per share for the current year, with EPS estimates ranging from $2.46 to $2.74. For the next year, analysts expect that the business will post earnings of $1.74 per share, with EPS estimates ranging from $1.19 to $2.09. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.13. Plains All American Pipeline had a net margin of 8.95% and a return on equity of 21.05%. The company had revenue of $7.89 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the previous year, the business posted $0.43 EPS. Plains All American Pipeline’s revenue for the quarter was down 10.3% compared to the same quarter last year.
Several research firms have recently issued reports on PAA. TheStreet lowered shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research note on Tuesday, October 8th. Robert W. Baird upgraded shares of Plains All American Pipeline from a “neutral” rating to an “outperform” rating and cut their price target for the stock from $22.00 to $21.00 in a report on Monday. Bank of America decreased their price objective on shares of Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Raymond James dropped their target price on shares of Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Scotia Howard Weill began coverage on shares of Plains All American Pipeline in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 target price on the stock. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $26.00.
NYSE:PAA traded up $0.15 during trading hours on Friday, hitting $17.18. 61,293 shares of the company traded hands, compared to its average volume of 3,749,610. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 0.88. The company has a market cap of $12.67 billion, a PE ratio of 9.14 and a beta of 1.01. The firm’s 50-day simple moving average is $18.25 and its 200-day simple moving average is $21.59. Plains All American Pipeline has a one year low of $16.77 and a one year high of $25.27.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, October 30th. This represents a $1.44 dividend on an annualized basis and a yield of 8.38%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 76.60%.
Institutional investors have recently added to or reduced their stakes in the company. Atwater Malick LLC purchased a new position in Plains All American Pipeline in the third quarter valued at approximately $25,000. Garrett Wealth Advisory Group LLC bought a new position in Plains All American Pipeline during the third quarter valued at $26,000. Paragon Capital Management LLC increased its position in Plains All American Pipeline by 136.0% in the second quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock worth $34,000 after buying an additional 816 shares during the last quarter. Lenox Wealth Advisors LLC purchased a new stake in Plains All American Pipeline in the third quarter worth $32,000. Finally, MCF Advisors LLC purchased a new position in shares of Plains All American Pipeline during the 2nd quarter valued at $40,000. 52.16% of the stock is owned by hedge funds and other institutional investors.
About Plains All American Pipeline
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.
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