Plains All American Pipeline, L.P. (NYSE:PAA) – Seaport Global Securities issued their Q3 2017 earnings per share estimates for shares of Plains All American Pipeline, L.P. in a research note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson expects that the pipeline company will post earnings of $0.26 per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $23.00 price objective on the stock. Seaport Global Securities also issued estimates for Plains All American Pipeline, L.P.’s Q4 2017 earnings at $0.33 EPS.

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

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Other research analysts have also issued reports about the company. Barclays PLC raised 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. Jefferies Group LLC reaffirmed a “hold” rating and issued a $28.00 price objective (up from $27.00) on shares of Plains All American Pipeline, L.P. in a report on Friday, July 21st. Raymond James Financial, Inc. set a $24.00 price objective on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a report on Wednesday, August 9th. BMO Capital Markets decreased their price objective on Plains All American Pipeline, L.P. from $31.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, August 18th. Finally, Robert W. Baird lowered Plains All American Pipeline, L.P. from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $36.00 to $24.00 in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.24.

Plains All American Pipeline, L.P. (PAA) opened at 21.42 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 company has a market capitalization of $15.52 billion, a PE ratio of 16.53 and a beta of 0.98. The company has a 50-day moving average price of $21.42 and a 200 day moving average price of $25.43.

Large investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Plains All American Pipeline, L.P. by 0.5% during the 2nd 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 acquiring an additional 19,466 shares during the period. Rothschild Investment Corp IL lifted its position in shares of Plains All American Pipeline, L.P. by 3.1% during the 2nd quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after acquiring an additional 3,050 shares during the period. Bollard Group LLC lifted its position in shares of Plains All American Pipeline, L.P. by 2.0% during the 2nd quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after acquiring an additional 6,461 shares during the period. Bridges Investment Counsel Inc. lifted its position in shares of Plains All American Pipeline, L.P. by 131.4% during the 2nd quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after acquiring an additional 17,685 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Plains All American Pipeline, L.P. by 18.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after acquiring an additional 30,403 shares during the period. Hedge funds and other institutional investors own 42.08% of the company’s stock.

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

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