Plains GP (NYSE:PAGP) will be issuing its quarterly earnings data after the market closes on Tuesday, August 4th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Plains GP (NYSE:PAGP) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $7.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $7.28. Plains GP had a negative net margin of 1.18% and a positive return on equity of 11.68%. The firm had revenue of $8.27 billion during the quarter, compared to the consensus estimate of $9.22 billion. On average, analysts expect Plains GP to post $8 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of PAGP opened at $7.94 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 0.88. Plains GP has a 12 month low of $3.04 and a 12 month high of $24.30. The firm’s 50 day moving average is $9.04 and its 200-day moving average is $10.88. The stock has a market capitalization of $1.46 billion, a PE ratio of 0.91 and a beta of 2.38.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 9.07%. The ex-dividend date of this dividend is Thursday, July 30th. Plains GP’s dividend payout ratio is currently 36.73%.

A number of analysts have recently weighed in on the company. ValuEngine upgraded Plains GP from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. cut their price objective on shares of Plains GP from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. SunTrust Banks decreased their target price on shares of Plains GP from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. BofA Securities raised shares of Plains GP from an “underperform” rating to a “buy” rating in a report on Tuesday, July 21st. Finally, Zacks Investment Research raised shares of Plains GP from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective on the stock in a research note on Saturday, July 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.68.

About Plains GP

Plains GP Holdings, L.P. owns and operates midstream energy infrastructure in the United States and Canada. It operates through three segments: Transportation, Facilities, and Supply and Logistics. The Transportation segment engages in the transportation of crude oil and natural gas liquids (NGLs) on pipelines, gathering systems, trucks, and barges.

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Earnings History for Plains GP (NYSE:PAGP)

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