Equities analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Plains All American Pipeline’s earnings, with estimates ranging from $0.37 to $0.54. Plains All American Pipeline posted earnings per share of $0.38 during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Plains All American Pipeline will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.17. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.57 to $2.42. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Plains All American Pipeline.
Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Tuesday, May 7th. The pipeline company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.10. The firm had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $8.77 billion. Plains All American Pipeline had a net margin of 8.51% and a return on equity of 20.70%. The firm’s revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share.
PAA has been the subject of several recent research reports. ValuEngine raised shares of Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Tudor Pickering raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Wednesday, February 6th. Finally, Evercore ISI initiated coverage on shares of Plains All American Pipeline in a research report on Tuesday, February 5th. They issued a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $28.29.
PAA stock traded up $0.38 during trading hours on Thursday, hitting $22.95. The company’s stock had a trading volume of 16,436 shares, compared to its average volume of 1,867,138. The company has a quick ratio of 0.90, a current ratio of 1.02 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 12.14 and a beta of 0.99. Plains All American Pipeline has a 12 month low of $19.33 and a 12 month high of $27.70.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.27%. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, April 30th. Plains All American Pipeline’s payout ratio is presently 76.60%.
In other news, insider Emg Investment, Llc sold 8,179,284 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total value of $188,941,460.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in Plains All American Pipeline during the 1st quarter valued at $549,000. Marshall Wace LLP acquired a new position in Plains All American Pipeline during the 1st quarter valued at $8,245,000. GYL Financial Synergies LLC acquired a new position in Plains All American Pipeline during the 1st quarter valued at $1,225,000. Cerebellum GP LLC raised its stake in Plains All American Pipeline by 89.3% during the 1st quarter. Cerebellum GP LLC now owns 12,332 shares of the pipeline company’s stock valued at $302,000 after purchasing an additional 5,818 shares during the last quarter. Finally, Cypress Wealth Advisors LLC increased its holdings in Plains All American Pipeline by 27.2% in the 1st quarter. Cypress Wealth Advisors LLC now owns 70,800 shares of the pipeline company’s stock valued at $1,735,000 after buying an additional 15,150 shares during the period. Hedge funds and other institutional investors own 48.43% of the company’s stock.
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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