Analysts predict that Plains All American Pipeline, L.P. (NYSE:PAA) will report $0.45 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Plains All American Pipeline’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.33. Plains All American Pipeline reported earnings of $0.43 per share in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 5th.

On average, analysts expect that Plains All American Pipeline will report full-year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.54 to $3.12. For the next fiscal year, analysts expect that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.35 to $2.60. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.23. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $8.07 billion. Plains All American Pipeline had a net margin of 9.48% and a return on equity of 22.39%. Plains All American Pipeline’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS.

PAA has been the topic of a number of research reports. Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating in a research note on Thursday, June 13th. Stifel Nicolaus set a $25.00 target price on shares of Plains All American Pipeline and gave the company a “buy” rating in a research note on Wednesday, August 7th. Piper Jaffray Companies initiated coverage on shares of Plains All American Pipeline in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $31.00 target price on the stock. ValuEngine downgraded shares of Plains All American Pipeline from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada cut their target price on shares of Plains All American Pipeline to $27.00 and set a “sector perform” rating on the stock in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Plains All American Pipeline presently has a consensus rating of “Buy” and an average target price of $28.50.

Shares of PAA stock traded down $0.23 during mid-day trading on Wednesday, reaching $21.52. The company’s stock had a trading volume of 3,685,433 shares, compared to its average volume of 2,190,953. The firm’s 50 day moving average is $23.85. Plains All American Pipeline has a 12-month low of $19.33 and a 12-month high of $27.60. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.02 and a quick ratio of 0.90. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 11.45 and a beta of 1.00.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, July 31st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Tuesday, July 30th. Plains All American Pipeline’s dividend payout ratio is presently 76.60%.

In related news, insider Emg Investment, Llc sold 8,179,284 shares of Plains All American Pipeline stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $23.10, for a total transaction of $188,941,460.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fort Sheridan Advisors LLC grew its holdings in Plains All American Pipeline by 0.8% during the 1st quarter. Fort Sheridan Advisors LLC now owns 60,505 shares of the pipeline company’s stock worth $1,483,000 after acquiring an additional 500 shares in the last quarter. Heritage Wealth Advisors grew its holdings in Plains All American Pipeline by 1.4% during the 2nd quarter. Heritage Wealth Advisors now owns 47,700 shares of the pipeline company’s stock worth $1,161,000 after acquiring an additional 658 shares in the last quarter. Avestar Capital LLC grew its holdings in Plains All American Pipeline by 12.0% during the 1st quarter. Avestar Capital LLC now owns 6,148 shares of the pipeline company’s stock worth $149,000 after acquiring an additional 659 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Plains All American Pipeline by 1.0% during the 2nd quarter. Moors & Cabot Inc. now owns 65,912 shares of the pipeline company’s stock worth $1,607,000 after acquiring an additional 674 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in Plains All American Pipeline by 3.6% during the 1st quarter. Belpointe Asset Management LLC now owns 20,778 shares of the pipeline company’s stock worth $510,000 after acquiring an additional 730 shares in the last quarter. 48.81% of the stock is currently owned by hedge funds and other institutional investors.

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

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