Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at Seaport Global Securities increased their FY2018 EPS estimates for Plains All American Pipeline in a note issued to investors on Thursday. Seaport Global Securities analyst B. Colson now forecasts that the pipeline company will post earnings per share of $1.64 for the year, up from their previous estimate of $1.62. Seaport Global Securities has a “Buy” rating and a $25.00 price target on the stock. Seaport Global Securities also issued estimates for Plains All American Pipeline’s FY2019 earnings at $1.77 EPS.

PAA has been the topic of a number of other research reports. Jefferies Group reiterated a “buy” rating and set a $23.00 price objective on shares of Plains All American Pipeline in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Robert W. Baird reiterated a “hold” rating and set a $21.00 price objective on shares of Plains All American Pipeline in a research note on Friday, November 10th. BMO Capital Markets set a $25.00 price objective on shares of Plains All American Pipeline and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $26.74.

Shares of Plains All American Pipeline (PAA) opened at $21.52 on Friday. The stock has a market cap of $16,050.00, a P/E ratio of 23.39 and a beta of 0.87. Plains All American Pipeline has a 12 month low of $18.38 and a 12 month high of $33.01. 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 (NYSE:PAA) last posted its quarterly earnings data on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The firm had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Plains All American Pipeline had a net margin of 3.26% and a return on equity of 9.93%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS.

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its position in shares of Plains All American Pipeline by 5.1% during the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock worth $121,000 after buying an additional 223 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Plains All American Pipeline by 5.9% in the second quarter. Alliancebernstein L.P. now owns 97,046 shares of the pipeline company’s stock worth $2,549,000 after purchasing an additional 5,425 shares during the period. Allianz Asset Management GmbH boosted its holdings in Plains All American Pipeline by 71.6% in the third quarter. Allianz Asset Management GmbH now owns 90,824 shares of the pipeline company’s stock worth $1,925,000 after purchasing an additional 37,901 shares during the period. Center Coast Capital Advisors LP boosted its holdings in Plains All American Pipeline by 13.0% in the third quarter. Center Coast Capital Advisors LP now owns 9,155,804 shares of the pipeline company’s stock worth $194,011,000 after purchasing an additional 1,056,634 shares during the period. Finally, Beacon Investment Advisory Services Inc. boosted its holdings in Plains All American Pipeline by 100.0% in the third quarter. Beacon Investment Advisory Services Inc. now owns 75,500 shares of the pipeline company’s stock worth $1,600,000 after purchasing an additional 37,750 shares during the period. 43.20% of the stock is owned by institutional investors and hedge funds.

In other 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 transaction of $205,962.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend is Tuesday, January 30th. Plains All American Pipeline’s payout ratio is currently 130.43%.

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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.

Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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