Plains All American Pipeline, L.P. (PAA) Expected to Announce Earnings of $0.26 Per Share

Wall Street analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Plains All American Pipeline, L.P.’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.20. Plains All American Pipeline, L.P. posted earnings per share of $0.39 in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings report on Wednesday, November 1st.

On average, analysts expect that Plains All American Pipeline, L.P. will report full-year earnings of $1.46 per share for the current financial year, with EPS estimates ranging from $1.38 to $1.52. For the next fiscal year, analysts anticipate that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.33 to $2.03. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Plains All American Pipeline, L.P..

Plains All American Pipeline, L.P. (NYSE:PAA) last announced its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.05. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The business had revenue of $6.08 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period last year, the company earned ($0.12) EPS. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis.

Several equities analysts have recently weighed in on PAA shares. BidaskClub lowered shares of Plains All American Pipeline, L.P. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Jefferies Group LLC upgraded shares of Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and reduced their price objective for the company from $28.00 to $23.00 in a research report on Monday, August 21st. UBS AG upgraded shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a research report on Monday, August 28th. Scotiabank set a $36.00 price objective on shares of Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research report on Saturday, July 22nd. Finally, Howard Weil lowered shares of Plains All American Pipeline, L.P. from a “sector outperform” rating to a “sector perform” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Plains All American Pipeline, L.P. presently has a consensus rating of “Hold” and a consensus target price of $29.23.

Several hedge funds and other institutional investors have recently bought and sold shares of PAA. Founders Capital Management purchased a new stake in shares of Plains All American Pipeline, L.P. in the first quarter worth approximately $101,000. Trust Co. of Vermont lifted its position in shares of Plains All American Pipeline, L.P. by 1,260.0% in the first quarter. Trust Co. of Vermont now owns 3,400 shares of the pipeline company’s stock worth $107,000 after purchasing an additional 3,150 shares in the last quarter. BB&T Investment Services Inc. purchased a new stake in shares of Plains All American Pipeline, L.P. in the second quarter worth approximately $108,000. IHT Wealth Management LLC purchased a new stake in shares of Plains All American Pipeline, L.P. in the second quarter worth approximately $118,000. Finally, Advisory Services Network LLC lifted its position in shares of Plains All American Pipeline, L.P. by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after purchasing an additional 223 shares in the last quarter. 42.08% of the stock is owned by institutional investors and hedge funds.

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Shares of Plains All American Pipeline, L.P. (NYSE PAA) traded up 0.37% during mid-day trading on Friday, hitting $21.87. 1,312,076 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $22.91 and a 200-day moving average price of $27.18. Plains All American Pipeline, L.P. has a 1-year low of $18.82 and a 1-year high of $33.95. The stock has a market cap of $15.85 billion, a P/E ratio of 16.88 and a beta of 0.99.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend was Thursday, July 27th. Plains All American Pipeline, L.P.’s dividend payout ratio (DPR) is 165.41%.

Plains All American Pipeline, L.P. Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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Earnings History and Estimates for Plains All American Pipeline, L.P. (NYSE:PAA)

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