Plains All American Pipeline, L.P. (NYSE:PAA) – Investment analysts at Jefferies Group raised their Q3 2017 earnings estimates for Plains All American Pipeline, L.P. in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Sighinolfi now expects that the pipeline company will earn $0.20 per share for the quarter, up from their prior estimate of $0.19. Jefferies Group currently has a “Buy” rating and a $24.00 price objective on the stock.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of Plains All American Pipeline, L.P. from $32.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. UBS AG restated a “buy” rating and set a $33.00 price objective (down previously from $34.00) on shares of Plains All American Pipeline, L.P. in a research report on Wednesday, May 10th. Raymond James Financial, Inc. upgraded shares of Plains All American Pipeline, L.P. from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, May 22nd. They noted that the move was a valuation call. Deutsche Bank AG reduced their price objective on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Tuesday, May 30th. Finally, BidaskClub upgraded shares of Plains All American Pipeline, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $29.23.

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Plains All American Pipeline, L.P. (PAA) opened at 21.66 on Wednesday. Plains All American Pipeline, L.P. has a 12 month low of $18.82 and a 12 month high of $33.95. The firm’s 50-day moving average is $23.27 and its 200-day moving average is $27.40. The firm has a market cap of $15.70 billion, a PE ratio of 16.71 and a beta of 0.95.

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

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 10.16%. 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%.

Several hedge funds have recently bought and sold shares of the company. Founders Capital Management bought a new stake in Plains All American Pipeline, L.P. during the first quarter worth about $101,000. Trust Co. of Vermont raised its stake in 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 buying an additional 3,150 shares during the period. BB&T Investment Services Inc. bought a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $108,000. IHT Wealth Management LLC bought a new stake in Plains All American Pipeline, L.P. during the second quarter worth about $118,000. Finally, Advisory Services Network LLC raised its stake in 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 buying an additional 223 shares during the period. 42.08% of the stock is owned by institutional investors and hedge funds.

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.

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

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