Q3 2017 EPS Estimates for Plains All American Pipeline, L.P. Cut by Jefferies Group (PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Investment analysts at Jefferies Group reduced their Q3 2017 EPS estimates for shares of Plains All American Pipeline, L.P. in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Sighinolfi now forecasts that the pipeline company will earn $0.18 per share for the quarter, down from their prior forecast of $0.20. Jefferies Group currently has a “Buy” rating and a $23.00 target price on the stock. Jefferies Group also issued estimates for Plains All American Pipeline, L.P.’s FY2018 earnings at $1.38 EPS.



Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The company had revenue of $6.08 billion during the quarter, compared to the consensus estimate of $5.50 billion. Plains All American Pipeline, L.P. had a net margin of 4.42% and a return on equity of 10.14%. The company’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.12) EPS. WARNING: This story was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/27/q3-2017-eps-estimates-for-plains-all-american-pipeline-l-p-cut-by-jefferies-group-paa.html.

PAA has been the topic of several other research reports. Mizuho upgraded Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 10th. BidaskClub raised shares of Plains All American Pipeline, L.P. from a “sell” rating to a “hold” rating in a report on Saturday, July 8th. Barclays PLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Plains All American Pipeline, L.P. in a report on Wednesday, August 9th. Raymond James Financial, Inc. raised Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, August 28th. Finally, Deutsche Bank AG cut Plains All American Pipeline, L.P. from a “buy” rating to a “hold” rating and reduced their target price for the company from $34.00 to $29.00 in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.60.

Shares of Plains All American Pipeline, L.P. (NYSE:PAA) opened at 20.81 on Wednesday. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95. The company has a 50-day moving average price of $21.58 and a 200-day moving average price of $25.21. The company has a market cap of $15.08 billion, a P/E ratio of 16.06 and a beta of 0.98.

A number of institutional investors have recently modified their holdings of PAA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Plains All American Pipeline, L.P. by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock worth $101,735,000 after acquiring an additional 19,466 shares during the period. Rothschild Investment Corp IL grew its position in Plains All American Pipeline, L.P. by 3.1% during the second quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after buying an additional 3,050 shares during the period. Bollard Group LLC grew its position in Plains All American Pipeline, L.P. by 2.0% during the second quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after buying an additional 6,461 shares during the period. Bridges Investment Counsel Inc. grew its position in Plains All American Pipeline, L.P. by 131.4% during the second quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after buying an additional 17,685 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in Plains All American Pipeline, L.P. by 18.4% during the second quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after buying an additional 30,403 shares during the period. Institutional investors and hedge funds own 42.08% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.77%. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

Earnings History and Estimates for Plains All American Pipeline, L.P. (NYSE:PAA)

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