$0.47 EPS Expected for Plains All American Pipeline, L.P. (NYSE:PAA) This Quarter

Equities analysts expect Plains All American Pipeline, L.P. (NYSE:PAA) to post $0.47 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Plains All American Pipeline’s earnings, with estimates ranging from $0.26 to $0.60. Plains All American Pipeline reported earnings per share of $0.80 in the same quarter last year, which would suggest a negative year over year growth rate of 41.3%. The company is expected to report its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Plains All American Pipeline will report full year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.74. For the next year, analysts anticipate that the firm will report earnings of $1.74 per share, with EPS estimates ranging from $1.19 to $2.09. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, November 5th. The pipeline company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.13. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $8.05 billion. Plains All American Pipeline had a return on equity of 21.05% and a net margin of 8.95%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS.

PAA has been the topic of several recent analyst reports. Scotiabank started coverage on shares of Plains All American Pipeline in a research note on Tuesday, September 3rd. They set an “outperform” rating and a $28.00 target price on the stock. Stifel Nicolaus set a $25.00 target price on Plains All American Pipeline and gave the company a “buy” rating in a research report on Wednesday, August 7th. Raymond James dropped their price target on shares of Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, October 23rd. Scotia Howard Weill assumed coverage on shares of Plains All American Pipeline in a report on Tuesday, September 3rd. They issued an “outperform” rating and a $28.00 price target for the company. Finally, Barclays restated a “hold” rating and set a $24.00 price objective on shares of Plains All American Pipeline in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Plains All American Pipeline has an average rating of “Buy” and an average price target of $26.00.

NYSE PAA traded up $0.15 during mid-day trading on Friday, reaching $17.18. 61,293 shares of the stock were exchanged, compared to its average volume of 3,749,610. Plains All American Pipeline has a 1 year low of $16.77 and a 1 year high of $25.27. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.96. The business’s 50 day moving average is $18.25 and its 200-day moving average is $21.59. The company has a market capitalization of $12.67 billion, a P/E ratio of 9.14 and a beta of 1.01.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Thursday, October 31st were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Wednesday, October 30th. Plains All American Pipeline’s payout ratio is 76.60%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAA. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Plains All American Pipeline by 5.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 39,904,482 shares of the pipeline company’s stock worth $971,674,000 after buying an additional 2,014,541 shares during the last quarter. Alps Advisors Inc. increased its position in Plains All American Pipeline by 1.6% during the third quarter. Alps Advisors Inc. now owns 37,959,279 shares of the pipeline company’s stock worth $787,655,000 after buying an additional 596,118 shares during the period. Brookfield Asset Management Inc. increased its position in Plains All American Pipeline by 3.2% during the second quarter. Brookfield Asset Management Inc. now owns 14,283,205 shares of the pipeline company’s stock worth $347,796,000 after buying an additional 446,655 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Plains All American Pipeline by 10.6% in the third quarter. CIBC Private Wealth Group LLC now owns 7,522,899 shares of the pipeline company’s stock valued at $156,100,000 after buying an additional 723,778 shares during the last quarter. Finally, Energy Income Partners LLC lifted its stake in Plains All American Pipeline by 1.8% in the second quarter. Energy Income Partners LLC now owns 6,153,930 shares of the pipeline company’s stock valued at $149,849,000 after buying an additional 107,371 shares during the last quarter. 52.16% of the stock is 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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