Equities analysts forecast that Plains All American Pipeline, L.P. (NYSE:PAA) will post earnings of $0.58 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Plains All American Pipeline’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.40. Plains All American Pipeline posted earnings per share of $0.26 during the same quarter last year, which indicates a positive year over year growth rate of 123.1%. The firm is expected to announce its next earnings results on Tuesday, February 5th.

On average, analysts expect that Plains All American Pipeline will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $0.92 to $1.29. For the next financial year, analysts anticipate that the firm will post earnings of $2.11 per share, with EPS estimates ranging from $1.17 to $3.34. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $7.82 billion. Plains All American Pipeline had a net margin of 3.92% and a return on equity of 14.90%. Plains All American Pipeline’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS.

PAA has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on shares of Plains All American Pipeline in a report on Thursday, October 11th. They set an “outperform” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, October 22nd. Johnson Rice initiated coverage on shares of Plains All American Pipeline in a report on Thursday, September 13th. They set a “buy” rating and a $31.00 target price on the stock. Morgan Stanley set a $28.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Friday, September 14th. Finally, Seaport Global Securities initiated coverage on shares of Plains All American Pipeline in a report on Friday, July 27th. They set a “buy” rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.88.

In other news, VP Chris Herbold sold 10,591 shares of Plains All American Pipeline stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $26.35, for a total value of $279,072.85. Following the sale, the vice president now directly owns 34,227 shares in the company, valued at $901,881.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. grew its stake in shares of Plains All American Pipeline by 7.0% in the third quarter. Alps Advisors Inc. now owns 37,545,329 shares of the pipeline company’s stock valued at $939,009,000 after buying an additional 2,450,636 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Plains All American Pipeline by 3.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 29,874,584 shares of the pipeline company’s stock valued at $706,235,000 after buying an additional 1,079,489 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Plains All American Pipeline by 19.9% in the second quarter. Bank of Montreal Can now owns 8,772,504 shares of the pipeline company’s stock valued at $207,382,000 after buying an additional 1,453,763 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Plains All American Pipeline in the second quarter valued at $179,640,000. Finally, Chickasaw Capital Management LLC grew its stake in shares of Plains All American Pipeline by 1.9% in the third quarter. Chickasaw Capital Management LLC now owns 6,151,434 shares of the pipeline company’s stock valued at $153,847,000 after buying an additional 113,603 shares in the last quarter. Institutional investors own 45.90% of the company’s stock.

PAA stock traded down $0.20 during mid-day trading on Monday, hitting $23.45. 138,671 shares of the company were exchanged, compared to its average volume of 2,456,672. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.63 and a current ratio of 0.75. The company has a market capitalization of $17.20 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 1.82 and a beta of 0.91. Plains All American Pipeline has a 1-year low of $18.38 and a 1-year high of $27.70.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.12%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 127.66%.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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