Equities research analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to announce earnings of $0.38 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Plains All American Pipeline’s earnings. The lowest EPS estimate is $0.12 and the highest is $0.49. Plains All American Pipeline reported earnings per share of $0.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 81%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Plains All American Pipeline will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $0.92 to $1.49. For the next financial year, analysts anticipate that the business will report earnings of $2.11 per share, with EPS estimates ranging from $1.17 to $3.34. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.15. Plains All American Pipeline had a return on equity of 12.80% and a net margin of 2.04%. The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.18 billion.

A number of research analysts have recently commented on PAA shares. Zacks Investment Research upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Thursday, July 12th. SunTrust Banks reiterated a “buy” rating and issued a $29.00 price objective on shares of Plains All American Pipeline in a report on Thursday, August 9th. Bank of America upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, July 18th. Morgan Stanley increased their price objective on Plains All American Pipeline from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, June 1st. Finally, TheStreet downgraded Plains All American Pipeline from a “b-” rating to a “c+” rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.44.

In related news, VP Chris Herbold sold 10,591 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $26.35, for a total value of $279,072.85. Following the completion of the sale, the vice president now directly owns 34,227 shares of the company’s stock, valued at approximately $901,881.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in PAA. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in Plains All American Pipeline during the 1st quarter worth approximately $108,000. Centaurus Financial Inc. acquired a new stake in Plains All American Pipeline during the 2nd quarter worth approximately $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in Plains All American Pipeline during the 2nd quarter worth approximately $162,000. Penn Davis Mcfarland Inc. acquired a new stake in Plains All American Pipeline during the 2nd quarter worth approximately $201,000. Finally, Denver Investment Advisors LLC acquired a new stake in Plains All American Pipeline during the 1st quarter worth approximately $207,000. 45.89% of the stock is owned by hedge funds and other institutional investors.

PAA opened at $23.94 on Monday. Plains All American Pipeline has a one year low of $18.38 and a one year high of $27.70. The stock has a market capitalization of $17.56 billion, a PE ratio of 25.47, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05.

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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