Plains All American Pipeline (PAA) to Release Quarterly Earnings on Friday

Plains All American Pipeline (NYSE:PAA) is scheduled to issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Friday, February 9th. The pipeline company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. Plains All American Pipeline had a net margin of 2.39% and a return on equity of 10.48%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $14.30 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, analysts expect Plains All American Pipeline to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Plains All American Pipeline Price Performance

PAA stock opened at $17.23 on Wednesday. The company has a market capitalization of $12.08 billion, a PE ratio of 12.40 and a beta of 1.59. The company’s fifty day moving average price is $17.32 and its 200-day moving average price is $16.12. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.87 and a current ratio of 0.98. Plains All American Pipeline has a one year low of $12.07 and a one year high of $19.03.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline’s payout ratio is 91.37%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PAA shares. StockNews.com raised shares of Plains All American Pipeline from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 24th. Truist Financial upped their price target on shares of Plains All American Pipeline from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Scotiabank started coverage on shares of Plains All American Pipeline in a research note on Monday, April 8th. They set a “sector outperform” rating and a $23.00 price target on the stock. UBS Group upped their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Citigroup increased their target price on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.96.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.