Equities analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to post earnings of $0.43 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Plains All American Pipeline’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.33. Plains All American Pipeline posted earnings per share of $0.37 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Plains All American Pipeline will report full year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.19. For the next year, analysts expect that the company will post earnings of $1.47 per share, with EPS estimates ranging from $1.33 to $1.65. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $6.24 billion. Plains All American Pipeline had a return on equity of 9.06% and a net margin of 3.22%. Plains All American Pipeline’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share.

PAA has been the topic of a number of analyst reports. Zacks Investment Research cut Plains All American Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. UBS upgraded Plains All American Pipeline from an “outperform” rating to a “strong-buy” rating in a research report on Monday, August 28th. Raymond James Financial upgraded Plains All American Pipeline from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, August 28th. Bank of America dropped their target price on Plains All American Pipeline from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, August 28th. Finally, BMO Capital Markets upgraded Plains All American Pipeline from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a research report on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.15.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PAA. State of New Jersey Common Pension Fund D raised its position in shares of Plains All American Pipeline by 35.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 516,900 shares of the pipeline company’s stock valued at $13,579,000 after buying an additional 135,100 shares during the period. Beach Investment Management LLC. raised its position in shares of Plains All American Pipeline by 532.6% during the 2nd quarter. Beach Investment Management LLC. now owns 119,050 shares of the pipeline company’s stock valued at $3,127,000 after buying an additional 100,232 shares during the period. Hodges Capital Management Inc. raised its position in shares of Plains All American Pipeline by 4.3% during the 2nd quarter. Hodges Capital Management Inc. now owns 16,950 shares of the pipeline company’s stock valued at $445,000 after buying an additional 701 shares during the period. TradeLink Capital LLC acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at approximately $804,000. Finally, Crescent Grove Advisors LLC acquired a new stake in Plains All American Pipeline in the 2nd quarter valued at approximately $652,000. 43.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Plains All American Pipeline (NYSE PAA) opened at $19.19 on Thursday. The firm has a market capitalization of $14,648.82, a PE ratio of 24.34 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 1.00. Plains All American Pipeline has a 12-month low of $18.38 and a 12-month high of $33.75.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date was Monday, October 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 239.13%.

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Plains All American Pipeline 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 (NYSE:PAA)

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