Analysts Anticipate Plains All American Pipeline (PAA) to Post $0.31 Earnings Per Share

Analysts forecast that Plains All American Pipeline (NYSE:PAA) will report earnings of $0.31 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Plains All American Pipeline’s earnings, with estimates ranging from $0.23 to $0.42. Plains All American Pipeline posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The business is scheduled to issue its next earnings report on Monday, May 14th.

On average, analysts expect that Plains All American Pipeline will report full-year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.83. For the next fiscal year, analysts forecast that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.19 to $2.14. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAA) last posted its earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). The company had revenue of $7.61 billion for the quarter, compared to analysts’ expectations of $6.37 billion. Plains All American Pipeline had a return on equity of 10.01% and a net margin of 3.26%. The company’s revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS.

A number of equities research analysts recently issued reports on the company. Jefferies Group reiterated a “buy” rating and issued a $25.00 price objective on shares of Plains All American Pipeline in a research report on Friday, January 12th. JPMorgan Chase reiterated an “overweight” rating and issued a $28.00 price objective (up previously from $27.00) on shares of Plains All American Pipeline in a research report on Tuesday, March 13th. Barclays downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock. in a research report on Wednesday, January 17th. Bank of America assumed coverage on Plains All American Pipeline in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Finally, Credit Suisse Group assumed coverage on Plains All American Pipeline in a research report on Thursday, January 4th. They issued an “outperform” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.37.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAA. American Assets Investment Management LLC bought a new position in Plains All American Pipeline in the fourth quarter valued at $103,000. Welch Group LLC bought a new position in Plains All American Pipeline in the fourth quarter valued at $134,000. Captrust Financial Advisors bought a new position in Plains All American Pipeline in the fourth quarter valued at $158,000. SeaCrest Wealth Management LLC bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at about $166,000. Finally, MPI Investment Management Inc. bought a new position in shares of Plains All American Pipeline during the fourth quarter valued at about $288,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:PAA traded down $0.18 during trading on Thursday, hitting $22.98. 2,790,322 shares of the company were exchanged, compared to its average volume of 3,344,069. The company has a market cap of $16,665.23, a P/E ratio of 24.45 and a beta of 0.74. Plains All American Pipeline has a 52-week low of $18.38 and a 52-week high of $31.42. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.88 and a quick ratio of 0.73.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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