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

Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at US Capital Advisors lowered their Q4 2017 earnings per share estimates for Plains All American Pipeline in a research report issued on Thursday, Zacks Investment Research reports. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will earn $0.32 per share for the quarter, down from their previous forecast of $0.61.

PAA has been the topic of several other reports. BMO Capital Markets set a $25.00 price target on shares of Plains All American Pipeline and gave the company a “buy” rating in a report on Tuesday, October 17th. Credit Suisse Group started coverage on shares of Plains All American Pipeline in a report on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price target on the stock. Bank of America started coverage on shares of Plains All American Pipeline in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Robert W. Baird set a $20.00 price target on shares of Plains All American Pipeline and gave the company a “hold” rating in a report on Thursday, October 12th. Finally, Stifel Nicolaus upped their price target on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.42.

Plains All American Pipeline (NYSE PAA) traded down $0.28 during midday trading on Monday, hitting $20.97. 2,060,000 shares of the stock were exchanged, compared to its average volume of 3,480,000. Plains All American Pipeline has a twelve month low of $18.38 and a twelve month high of $33.01. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $15,210.00, a PE ratio of 24.38 and a beta of 1.00.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results 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 return on equity of 9.06% and a net margin of 3.22%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in PAA. Beach Investment Management LLC. increased its stake in Plains All American Pipeline by 532.6% during the second quarter. Beach Investment Management LLC. now owns 119,050 shares of the pipeline company’s stock valued at $3,127,000 after purchasing an additional 100,232 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Plains All American Pipeline by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 476,971 shares of the pipeline company’s stock valued at $12,530,000 after purchasing an additional 8,055 shares during the last quarter. Comerica Bank increased its stake in Plains All American Pipeline by 66.3% during the second quarter. Comerica Bank now owns 13,524 shares of the pipeline company’s stock valued at $359,000 after purchasing an additional 5,394 shares during the last quarter. Commerce Bank increased its stake in Plains All American Pipeline by 4.8% during the second quarter. Commerce Bank now owns 10,352 shares of the pipeline company’s stock valued at $272,000 after purchasing an additional 478 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in Plains All American Pipeline by 18.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 28,870 shares of the pipeline company’s stock valued at $759,000 after purchasing an additional 4,530 shares during the last quarter. Hedge funds and other institutional investors own 43.20% of the company’s stock.

In other Plains All American Pipeline news, VP Chris Herbold sold 10,171 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $20.25, for a total transaction of $205,962.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.20 annualized dividend and a yield of 5.72%. Plains All American Pipeline’s payout ratio 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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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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