Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at Jefferies Financial Group cut their Q3 2018 earnings per share (EPS) estimates for Plains All American Pipeline in a research report issued to clients and investors on Tuesday, October 16th. Jefferies Financial Group analyst C. Sighinolfi now expects that the pipeline company will post earnings per share of $0.36 for the quarter, down from their previous forecast of $0.37. Jefferies Financial Group also issued estimates for Plains All American Pipeline’s Q4 2018 earnings at $0.46 EPS and FY2018 earnings at $1.48 EPS.

A number of other research firms have also weighed in on PAA. Zacks Investment Research raised shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, October 1st. US Capital Advisors raised shares of Plains All American Pipeline from a “hold” rating to an “overweight” rating and set a $30.00 target price for the company in a research report on Friday, August 24th. Morgan Stanley set a $28.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a research report on Friday, September 14th. TheStreet lowered shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Plains All American Pipeline from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $27.75.

Shares of NYSE:PAA opened at $24.30 on Wednesday. The firm has a market capitalization of $18.15 billion, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.75 and a quick ratio of 0.63. Plains All American Pipeline has a 1 year low of $18.38 and a 1 year high of $27.70.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.15. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $8.18 billion. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.80%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. raised its position in shares of Plains All American Pipeline by 5.8% during the second quarter. Alps Advisors Inc. now owns 35,094,693 shares of the pipeline company’s stock valued at $829,639,000 after buying an additional 1,910,142 shares during the last quarter. Global X Management Co LLC raised its position in shares of Plains All American Pipeline by 38.5% during the second quarter. Global X Management Co LLC now owns 2,932,898 shares of the pipeline company’s stock valued at $69,334,000 after buying an additional 816,014 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Plains All American Pipeline by 29.8% during the second quarter. Prospera Financial Services Inc now owns 12,515 shares of the pipeline company’s stock valued at $295,000 after buying an additional 2,875 shares during the last quarter. Kalos Management Inc. acquired a new position in shares of Plains All American Pipeline during the second quarter valued at about $991,000. Finally, Green Square Capital LLC raised its position in shares of Plains All American Pipeline by 1.0% during the second quarter. Green Square Capital LLC now owns 217,384 shares of the pipeline company’s stock valued at $5,139,000 after buying an additional 2,105 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

In other news, VP Chris Herbold sold 10,591 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $26.35, for a total transaction of $279,072.85. Following the completion of the transaction, the vice president now owns 34,227 shares of the company’s stock, valued at $901,881.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 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 4.94%. The ex-dividend date of this dividend is Tuesday, October 30th. Plains All American Pipeline’s dividend payout ratio is currently 127.66%.

Plains All American Pipeline Company Profile

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

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