Q1 2020 EPS Estimates for Plains All American Pipeline, L.P. Decreased by Analyst (NYSE:PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at Piper Sandler reduced their Q1 2020 EPS estimates for shares of Plains All American Pipeline in a research note issued on Monday, February 10th. Piper Sandler analyst P. Hammond now forecasts that the pipeline company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.48. Piper Sandler also issued estimates for Plains All American Pipeline’s FY2020 earnings at $1.65 EPS.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings data on Tuesday, February 4th. The pipeline company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.14. Plains All American Pipeline had a net margin of 6.45% and a return on equity of 19.30%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $8.16 billion. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

A number of other equities analysts have also weighed in on PAA. Robert W. Baird upgraded shares of Plains All American Pipeline from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $22.00 to $21.00 in a report on Monday, December 2nd. Morgan Stanley began coverage on shares of Plains All American Pipeline in a report on Monday, January 6th. They issued an “equal weight” rating and a $19.00 price objective for the company. Barclays upgraded shares of Plains All American Pipeline from an “equal weight” rating to an “overweight” rating and set a $24.00 price objective for the company in a report on Tuesday, January 14th. Bank of America decreased their price objective on shares of Plains All American Pipeline from $27.00 to $25.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Raymond James cut their target price on shares of Plains All American Pipeline from $29.00 to $27.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $24.27.

Shares of NYSE PAA opened at $16.24 on Thursday. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $25.27. The firm has a market cap of $11.84 billion, a P/E ratio of 6.15 and a beta of 1.05. The company has a 50 day moving average of $17.96 and a 200 day moving average of $19.42. The company has a quick ratio of 0.79, a current ratio of 0.96 and a debt-to-equity ratio of 0.88.

Large investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. grew its position in Plains All American Pipeline by 1.8% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 94,604 shares of the pipeline company’s stock worth $1,963,000 after purchasing an additional 1,675 shares during the period. Cadence Capital Management LLC grew its position in shares of Plains All American Pipeline by 28.7% during the 3rd quarter. Cadence Capital Management LLC now owns 1,075,682 shares of the pipeline company’s stock valued at $2,320,000 after acquiring an additional 240,146 shares during the period. Moors & Cabot Inc. grew its position in shares of Plains All American Pipeline by 18.2% during the 3rd quarter. Moors & Cabot Inc. now owns 77,921 shares of the pipeline company’s stock valued at $1,617,000 after acquiring an additional 12,009 shares during the period. Capital Investment Advisors LLC grew its position in shares of Plains All American Pipeline by 8.4% during the 4th quarter. Capital Investment Advisors LLC now owns 43,941 shares of the pipeline company’s stock valued at $808,000 after acquiring an additional 3,401 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Plains All American Pipeline during the 3rd quarter valued at $3,374,000. 52.29% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date is Thursday, January 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 57.37%.

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

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