Q1 2018 EPS Estimates for Plains All American Pipeline, L.P. (PAA) Increased by Analyst

Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at US Capital Advisors raised their Q1 2018 EPS estimates for shares of Plains All American Pipeline in a research note issued to investors on Thursday. US Capital Advisors analyst B. Followill now forecasts that the pipeline company will earn $0.41 per share for the quarter, up from their previous forecast of $0.40. US Capital Advisors also issued estimates for Plains All American Pipeline’s Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.42 EPS, FY2018 earnings at $1.35 EPS and FY2019 earnings at $1.58 EPS.

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 (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a net margin of 3.22% and a return on equity of 9.06%. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same period last year, the firm earned $0.39 EPS. Plains All American Pipeline’s quarterly revenue was up 13.6% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 target price on shares of Plains All American Pipeline in a research note on Monday, October 16th. SunTrust Banks reaffirmed a “hold” rating and issued a $24.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $21.00 target price on shares of Plains All American Pipeline in a research note on Friday, November 10th. Finally, Stifel Nicolaus upped their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eight 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 $26.55.

Shares of Plains All American Pipeline (NYSE PAA) traded up $0.08 during mid-day trading on Friday, hitting $22.35. 2,796,300 shares of the stock traded hands, compared to its average volume of 3,587,000. Plains All American Pipeline has a one year low of $18.38 and a one year high of $33.24. The firm has a market cap of $16,210.00, a price-to-earnings ratio of 25.99 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20.

In other news, VP Chris Herbold sold 10,171 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its holdings in shares of Plains All American Pipeline by 10.9% in the 3rd quarter. Alps Advisors Inc. now owns 33,958,970 shares of the pipeline company’s stock valued at $719,591,000 after purchasing an additional 3,346,596 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Plains All American Pipeline by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,489,794 shares of the pipeline company’s stock valued at $201,184,000 after purchasing an additional 1,562,189 shares during the period. Center Coast Capital Advisors LP raised its holdings in shares of Plains All American Pipeline by 13.0% in the 3rd quarter. Center Coast Capital Advisors LP now owns 9,155,804 shares of the pipeline company’s stock valued at $194,011,000 after purchasing an additional 1,056,634 shares during the period. Commonwealth Bank of Australia raised its holdings in shares of Plains All American Pipeline by 455.9% in the 3rd quarter. Commonwealth Bank of Australia now owns 7,039,650 shares of the pipeline company’s stock valued at $148,562,000 after purchasing an additional 5,773,314 shares during the period. Finally, Atlantic Trust Group LLC raised its holdings in shares of Plains All American Pipeline by 33.4% in the 3rd quarter. Atlantic Trust Group LLC now owns 6,669,879 shares of the pipeline company’s stock valued at $141,334,000 after purchasing an additional 1,668,416 shares during the period. 43.41% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Plains All American Pipeline, L.P. (PAA) Increased by Analyst” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/05/q1-2018-eps-estimates-for-plains-all-american-pipeline-l-p-paa-increased-by-analyst.html.

About Plains All American Pipeline

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 (NYSE:PAA)

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply