Plains All American Pipeline (NYSE:PAA) is set to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Plains All American Pipeline has set its FY 2019 guidance at $2.25-2.25 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Tuesday, August 6th. The pipeline company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.23. Plains All American Pipeline had a return on equity of 21.81% and a net margin of 9.48%. The business had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the company earned $0.27 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. On average, analysts expect Plains All American Pipeline to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
PAA opened at $18.69 on Tuesday. Plains All American Pipeline has a 12-month low of $18.60 and a 12-month high of $25.27. The company has a current ratio of 1.00, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $20.30 and its 200-day simple moving average is $22.65. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 9.94 and a beta of 1.02.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date is Wednesday, October 30th. Plains All American Pipeline’s payout ratio is 76.60%.
In related news, VP Chris Herbold sold 23,337 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $21.38, for a total transaction of $498,945.06. Following the sale, the vice president now owns 79,564 shares of the company’s stock, valued at $1,701,078.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.
A number of equities analysts have recently issued reports on PAA shares. Scotiabank initiated coverage on Plains All American Pipeline in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 price target on the stock. Piper Jaffray Companies initiated coverage on Plains All American Pipeline in a research report on Wednesday, July 17th. They set an “overweight” rating and a $31.00 price objective on the stock. TheStreet downgraded Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Tuesday, October 8th. Bank of America dropped their price objective on Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Finally, Scotia Howard Weill initiated coverage on Plains All American Pipeline in a research report on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.00.
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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