Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at Jefferies Group lowered their Q4 2017 earnings estimates for Plains All American Pipeline in a research note issued to investors on Wednesday, according to Zacks Investment Research. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will earn $0.35 per share for the quarter, down from their previous forecast of $0.41. Jefferies Group currently has a “Buy” rating and a $25.00 target price on the stock. Jefferies Group also issued estimates for Plains All American Pipeline’s FY2018 earnings at $1.34 EPS and FY2021 earnings at $2.16 EPS.
PAA has been the subject of several other research reports. Zacks Investment Research downgraded shares of Plains All American Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating and set a $21.00 target price on shares of Plains All American Pipeline in a report on Friday, November 10th. BMO Capital Markets set a $25.00 target price on shares of Plains All American Pipeline and gave the stock a “buy” rating in a report on Tuesday, October 17th. Stifel Nicolaus lifted their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Finally, Bank of America initiated coverage on shares of Plains All American Pipeline in a report on Tuesday. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.53.
Shares of Plains All American Pipeline (NYSE:PAA) traded up $0.38 during mid-day trading on Thursday, hitting $23.96. 5,120,000 shares of the company traded hands, compared to its average volume of 3,600,000. The company has a market cap of $17,380.00, a P/E ratio of 27.86 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 1.20. Plains All American Pipeline has a 1-year low of $18.38 and a 1-year high of $33.01.
Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Monday, November 6th. The pipeline company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period last year, the business earned $0.39 EPS. The business’s revenue was up 13.6% on a year-over-year basis.
Large investors have recently modified their holdings of the company. BB&T Investment Services Inc. acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at approximately $108,000. IHT Wealth Management LLC acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at approximately $118,000. Advisory Services Network LLC raised its position in shares of Plains All American Pipeline by 5.1% in the 2nd quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares in the last quarter. Pathstone Family Office LLC acquired a new position in shares of Plains All American Pipeline in the 2nd quarter valued at approximately $127,000. Finally, Spectrum Management Group Inc. acquired a new position in shares of Plains All American Pipeline in the 3rd quarter valued at approximately $142,000. Institutional investors own 43.41% of the company’s stock.
In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of Plains All American Pipeline stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total value of $205,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.01%. The ex-dividend date is Tuesday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 139.53%.
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Plains All American Pipeline Company Profile
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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