Plains All American Pipeline (NYSE:PAA – Get Free Report) released its quarterly earnings results on Friday. The pipeline company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02, Briefing.com reports. Plains All American Pipeline had a return on equity of 10.53% and a net margin of 2.08%. The business had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.98 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.
Plains All American Pipeline Price Performance
PAA opened at $17.49 on Monday. The company has a 50 day moving average of $17.37 and a two-hundred day moving average of $16.15. Plains All American Pipeline has a 52-week low of $12.07 and a 52-week high of $19.03. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. The company has a market cap of $12.26 billion, a P/E ratio of 12.23 and a beta of 1.58.
Plains All American Pipeline Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.3175 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 annualized dividend and a yield of 7.26%. Plains All American Pipeline’s payout ratio is 109.48%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on PAA
Plains All American Pipeline Company Profile
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.
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