Wall Street analysts forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will report earnings per share (EPS) of $0.45 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Plains All American Pipeline’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.61. Plains All American Pipeline reported earnings per share of $0.43 in the same quarter last year, which suggests a positive year over year growth rate of 4.7%. The business is expected to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Plains All American Pipeline will report full year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $3.12. For the next financial year, analysts anticipate that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.35 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last announced its earnings results on Tuesday, August 6th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.23. Plains All American Pipeline had a net margin of 9.48% and a return on equity of 22.39%. The firm had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.07 billion. During the same quarter last year, the business earned $0.27 earnings per share. Plains All American Pipeline’s revenue was up 2.1% compared to the same quarter last year.

A number of equities analysts have weighed in on PAA shares. Royal Bank of Canada cut their price target on shares of Plains All American Pipeline to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, June 14th. ValuEngine downgraded shares of Plains All American Pipeline from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Stifel Nicolaus set a $25.00 price target on shares of Plains All American Pipeline and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating in a research note on Thursday, June 13th. Finally, Piper Jaffray Companies started coverage on shares of Plains All American Pipeline in a research note on Wednesday, July 17th. They set an “overweight” rating and a $31.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Plains All American Pipeline has an average rating of “Buy” and an average target price of $28.50.

In other news, insider Emg Investment, Llc sold 8,179,284 shares of the firm’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 filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of PAA. Belvedere Advisors LLC purchased a new stake in Plains All American Pipeline during the 1st quarter worth $30,000. Paragon Capital Management LLC increased its stake in Plains All American Pipeline by 136.0% during the 2nd quarter. Paragon Capital Management LLC now owns 1,416 shares of the pipeline company’s stock worth $34,000 after buying an additional 816 shares during the period. MCF Advisors LLC purchased a new stake in Plains All American Pipeline during the 2nd quarter worth $40,000. Price Wealth Management Inc. purchased a new stake in Plains All American Pipeline during the 2nd quarter worth $46,000. Finally, Zions Bancorporation N.A. purchased a new stake in Plains All American Pipeline during the 1st quarter worth $48,000. 48.81% of the stock is currently owned by institutional investors and hedge funds.

NYSE PAA traded down $0.23 during mid-day trading on Wednesday, reaching $21.52. 3,685,433 shares of the stock were exchanged, compared to its average volume of 2,190,953. Plains All American Pipeline has a 1-year low of $19.33 and a 1-year high of $27.60. The firm’s fifty day simple moving average is $23.85. The firm has a market capitalization of $15.75 billion, a PE ratio of 11.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.69%. The ex-dividend date is Tuesday, July 30th. Plains All American Pipeline’s dividend payout ratio is currently 76.60%.

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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