Plains All American Pipeline, L.P. (NYSE:PAA) is scheduled to be announcing its Q3 2017 earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

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 the consensus estimate of $0.26 by ($0.05). Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The business had revenue of $6.08 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. On average, analysts expect Plains All American Pipeline, L.P. to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Plains All American Pipeline, L.P. (PAA) opened at $20.24 on Monday. Plains All American Pipeline, L.P. has a one year low of $18.76 and a one year high of $33.95. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 1.12. The stock has a market cap of $14,677.83, a price-to-earnings ratio of 19.84 and a beta of 1.01.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.93%. Plains All American Pipeline, L.P.’s dividend payout ratio is presently 165.41%.

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PAA has been the topic of several analyst reports. Scotiabank set a $36.00 price target on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a report on Saturday, July 22nd. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 price target on Plains All American Pipeline, L.P. and gave the stock a “buy” rating in a report on Wednesday, August 9th. Barclays PLC reiterated a “buy” rating and set a $28.00 price target on shares of Plains All American Pipeline, L.P. in a report on Wednesday, August 9th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $28.00 price target (down previously from $33.50) on shares of Plains All American Pipeline, L.P. in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Plains All American Pipeline, L.P. currently has an average rating of “Hold” and a consensus price target of $27.60.

About Plains All American Pipeline, L.P.

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 for Plains All American Pipeline, L.P. (NYSE:PAA)

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