Equities analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to report $9.05 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Plains All American Pipeline’s earnings. The lowest sales estimate is $8.84 billion and the highest is $9.26 billion. Plains All American Pipeline reported sales of $8.40 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The company is expected to report its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Plains All American Pipeline will report full-year sales of $35.64 billion for the current year, with estimates ranging from $34.54 billion to $37.15 billion. For the next fiscal year, analysts forecast that the business will report sales of $37.57 billion, with estimates ranging from $34.51 billion to $42.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last issued its earnings results on Tuesday, February 5th. The pipeline company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.11. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $9.92 billion. Plains All American Pipeline had a net margin of 6.50% and a return on equity of 18.87%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 EPS.

A number of research analysts recently weighed in on the stock. ValuEngine cut shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Citigroup cut 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 report on Thursday, November 29th. Evercore ISI started coverage on shares of Plains All American Pipeline in a research report on Tuesday, February 5th. They set a $24.00 price objective for the company. Tudor Pickering upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Wednesday, February 6th. Finally, Mizuho started coverage on shares of Plains All American Pipeline in a research note on Wednesday, November 28th. They issued a “buy” rating and a $30.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have given a buy rating to the stock. Plains All American Pipeline currently has an average rating of “Buy” and an average price target of $28.33.

Several large investors have recently bought and sold shares of PAA. State of New Jersey Common Pension Fund D boosted its holdings in shares of Plains All American Pipeline by 2.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,099,300 shares of the pipeline company’s stock valued at $22,030,000 after buying an additional 27,100 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Plains All American Pipeline by 7.4% in the 3rd quarter. BlackRock Inc. now owns 2,849,598 shares of the pipeline company’s stock valued at $71,268,000 after buying an additional 195,398 shares in the last quarter. Narwhal Capital Management boosted its holdings in shares of Plains All American Pipeline by 4.5% in the 4th quarter. Narwhal Capital Management now owns 23,075 shares of the pipeline company’s stock valued at $462,000 after buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Plains All American Pipeline in the 4th quarter valued at $2,814,000. Finally, Trust Asset Management LLC raised its position in Plains All American Pipeline by 9.7% in the 3rd quarter. Trust Asset Management LLC now owns 248,964 shares of the pipeline company’s stock valued at $6,227,000 after purchasing an additional 21,993 shares during the last quarter. 47.36% of the stock is currently owned by hedge funds and other institutional investors.

PAA stock traded up $0.12 during mid-day trading on Monday, reaching $24.42. The company had a trading volume of 60,366 shares, compared to its average volume of 2,135,589. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.02 and a quick ratio of 0.84. The company has a market capitalization of $17.74 billion, a P/E ratio of 12.93 and a beta of 1.09. Plains All American Pipeline has a 12 month low of $19.33 and a 12 month high of $27.70.

Plains All American Pipeline Company Profile

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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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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