Analysts Issue Forecasts for Plains All American Pipeline, L.P.’s Q4 2017 Earnings (NYSE:PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at Seaport Global Securities upped their Q4 2017 earnings per share (EPS) estimates for Plains All American Pipeline in a research report issued on Friday, according to Zacks Investment Research. Seaport Global Securities analyst B. Colson now forecasts that the pipeline company will earn $0.38 per share for the quarter, up from their previous forecast of $0.33. Seaport Global Securities has a “Neutral” rating and a $23.00 price objective on the stock. Seaport Global Securities also issued estimates for Plains All American Pipeline’s FY2018 earnings at $1.33 EPS.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Plains All American Pipeline had a net margin of 3.22% and a return on equity of 9.06%. The company had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. Plains All American Pipeline’s quarterly revenue was up 13.6% compared to the same quarter last year.

Several other equities analysts have also recently issued reports on PAA. Morgan Stanley cut shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $32.00 to $25.00 in a research report on Wednesday, August 9th. Raymond James Financial set a $24.00 price target on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Wednesday, August 9th. Barclays reiterated a “buy” rating and set a $28.00 price target on shares of Plains All American Pipeline in a research report on Wednesday, August 9th. Citigroup restated a “buy” rating and issued a $28.00 price objective (down previously from $33.50) on shares of Plains All American Pipeline in a report on Thursday, August 10th. Finally, BidaskClub cut shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Plains All American Pipeline has an average rating of “Hold” and a consensus target price of $27.15.

Shares of Plains All American Pipeline (NYSE PAA) traded up $0.54 during midday trading on Monday, hitting $19.73. 2,552,221 shares of the company traded hands, compared to its average volume of 2,756,819. Plains All American Pipeline has a one year low of $18.38 and a one year high of $33.75. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.00 and a quick ratio of 0.78. The stock has a market capitalization of $14,310.00, a PE ratio of 23.80 and a beta of 1.01.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC increased its stake in shares of Plains All American Pipeline by 30.4% in the third quarter. Chicago Partners Investment Group LLC now owns 255,532 shares of the pipeline company’s stock worth $5,415,000 after purchasing an additional 59,632 shares in the last quarter. Institutional & Family Asset Management LLC increased its stake in shares of Plains All American Pipeline by 75.8% in the third quarter. Institutional & Family Asset Management LLC now owns 217,822 shares of the pipeline company’s stock worth $4,616,000 after purchasing an additional 93,916 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Plains All American Pipeline in the third quarter worth $342,000. California Public Employees Retirement System increased its stake in shares of Plains All American Pipeline by 150.8% in the third quarter. California Public Employees Retirement System now owns 1,580,339 shares of the pipeline company’s stock worth $33,487,000 after purchasing an additional 950,322 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. grew its stake in Plains All American Pipeline by 100.0% during the third quarter. Beacon Investment Advisory Services Inc. now owns 75,500 shares of the pipeline company’s stock valued at $1,600,000 after acquiring an additional 37,750 shares in the last quarter. 43.45% of the stock is owned by hedge funds and other institutional investors.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $1.20 annualized dividend and a yield of 6.08%. Plains All American Pipeline’s payout ratio is presently 255.81%.

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About Plains All American Pipeline

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.

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

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