Brokerages forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will announce $6.31 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Plains All American Pipeline, L.P.’s earnings, with estimates ranging from $6.19 billion to $6.43 billion. Plains All American Pipeline, L.P. posted sales of $5.17 billion in the same quarter last year, which would indicate a positive year over year growth rate of 22.1%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 1st.

On average, analysts expect that Plains All American Pipeline, L.P. will report full-year sales of $6.31 billion for the current fiscal year, with estimates ranging from $25.80 billion to $28.07 billion. For the next financial year, analysts forecast that the firm will post sales of $28.56 billion per share, with estimates ranging from $25.49 billion to $32.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Plains All American Pipeline, L.P..

Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.05). The business had revenue of $6.08 billion for the quarter, compared to analysts’ expectations 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 company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS.

Several analysts have recently commented on PAA shares. Deutsche Bank AG dropped their price objective on shares of Plains All American Pipeline, L.P. from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, May 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Plains All American Pipeline, L.P. in a report on Friday, June 23rd. BidaskClub raised shares of Plains All American Pipeline, L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Mizuho raised shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, July 10th. Finally, Barclays PLC raised shares of Plains All American Pipeline, L.P. from an “equal weight” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $29.23.

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Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Plains All American Pipeline, L.P. by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock valued at $101,735,000 after purchasing an additional 19,466 shares in the last quarter. Rothschild Investment Corp IL raised its position in shares of Plains All American Pipeline, L.P. by 3.1% in the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after buying an additional 3,050 shares during the last quarter. Bollard Group LLC raised its position in shares of Plains All American Pipeline, L.P. by 2.0% in the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after buying an additional 6,461 shares during the last quarter. Bridges Investment Counsel Inc. raised its position in shares of Plains All American Pipeline, L.P. by 131.4% in the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after buying an additional 17,685 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in shares of Plains All American Pipeline, L.P. by 18.4% in the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after buying an additional 30,403 shares during the last quarter. 42.07% of the stock is currently owned by institutional investors and hedge funds.

Plains All American Pipeline, L.P. (NYSE PAA) opened at 21.58 on Friday. The stock has a market cap of $15.64 billion, a PE ratio of 16.65 and a beta of 0.99. Plains All American Pipeline, L.P. has a 52 week low of $18.82 and a 52 week high of $33.95. The stock’s 50 day moving average is $21.61 and its 200 day moving average is $26.52.

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.

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

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