Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at Seaport Global Securities issued their FY2018 earnings per share estimates for Plains All American Pipeline, L.P. in a note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson expects that the pipeline company will post earnings per share of $1.16 for the year. Seaport Global Securities has a “Neutral” rating and a $23.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank set a $36.00 target price on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research note on Saturday, July 22nd. Mizuho raised Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Monday, July 10th. Raymond James Financial, Inc. set a $24.00 target price on Plains All American Pipeline, L.P. and gave the company a “buy” rating in a research note on Wednesday, August 9th. Barclays PLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, August 9th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $28.00 target price (down previously from $33.50) on shares of Plains All American Pipeline, L.P. in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Plains All American Pipeline, L.P. presently has an average rating of “Hold” and a consensus target price of $28.05.

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Plains All American Pipeline, L.P. (NYSE PAA) traded down 1.606% during midday trading on Thursday, hitting $21.253. 672,067 shares of the company traded hands. The stock has a 50 day moving average price of $21.47 and a 200-day moving average price of $25.40. 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 cap of $15.40 billion, a PE ratio of 16.399 and a beta of 0.98.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the business posted ($0.12) earnings per share. Plains All American Pipeline, L.P.’s revenue was up 22.8% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in PAA. Waldron LP bought a new stake in Plains All American Pipeline, L.P. during the first quarter worth approximately $1,380,000. Bank of New York Mellon Corp boosted its position in Plains All American Pipeline, L.P. by 47.4% during the first quarter. Bank of New York Mellon Corp now owns 468,916 shares of the pipeline company’s stock worth $14,822,000 after purchasing an additional 150,752 shares during the period. Comerica Bank boosted its position in Plains All American Pipeline, L.P. by 0.7% during the first quarter. Comerica Bank now owns 8,130 shares of the pipeline company’s stock worth $239,000 after purchasing an additional 57 shares during the period. Ameriprise Financial Inc. boosted its position in Plains All American Pipeline, L.P. by 8.1% during the first quarter. Ameriprise Financial Inc. now owns 90,975 shares of the pipeline company’s stock worth $2,876,000 after purchasing an additional 6,823 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Plains All American Pipeline, L.P. by 40.5% during the first quarter. Alliancebernstein L.P. now owns 91,621 shares of the pipeline company’s stock worth $2,896,000 after purchasing an additional 26,410 shares during the period. 42.08% of the stock is owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.56%. Plains All American Pipeline, L.P.’s payout ratio is currently 165.41%.

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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