Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at US Capital Advisors cut their FY2020 earnings per share estimates for shares of Plains All American Pipeline in a research report issued to clients and investors on Wednesday, October 17th, according to Zacks Investment Research. US Capital Advisors analyst B. Followill now expects that the pipeline company will post earnings of $1.89 per share for the year, down from their previous estimate of $2.10. US Capital Advisors has a “Overweight” rating and a $30.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of Plains All American Pipeline from $24.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Plains All American Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. TheStreet downgraded shares of Plains All American Pipeline from a “b-” rating to a “c+” rating in a research report on Wednesday, August 8th. ValuEngine upgraded shares of Plains All American Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Plains All American Pipeline from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.88.

Shares of NYSE:PAA traded down $0.49 during trading on Friday, hitting $23.01. 2,036,275 shares of the company were exchanged, compared to its average volume of 2,414,837. The company has a market capitalization of $17.16 billion, a PE ratio of 16.54, a P/E/G ratio of 1.81 and a beta of 0.91. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.05. Plains All American Pipeline has a 12-month low of $18.38 and a 12-month high of $27.70.

Plains All American Pipeline (NYSE:PAA) last issued its quarterly earnings data on Tuesday, November 6th. The pipeline company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $7.82 billion. Plains All American Pipeline had a net margin of 3.92% and a return on equity of 14.90%. The company’s revenue was up 49.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, October 31st will be issued a $0.30 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.22%. Plains All American Pipeline’s payout ratio is 127.66%.

In other news, VP Chris Herbold sold 10,591 shares of Plains All American Pipeline stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $26.35, for a total value of $279,072.85. Following the transaction, the vice president now directly owns 34,227 shares of the company’s stock, valued at approximately $901,881.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Green Square Capital LLC increased its stake in Plains All American Pipeline by 1.0% in the 2nd quarter. Green Square Capital LLC now owns 217,384 shares of the pipeline company’s stock valued at $5,139,000 after buying an additional 2,105 shares during the period. Crescent Grove Advisors LLC increased its stake in Plains All American Pipeline by 10.1% in the 2nd quarter. Crescent Grove Advisors LLC now owns 27,358 shares of the pipeline company’s stock valued at $647,000 after buying an additional 2,520 shares during the period. Oppenheimer & Co. Inc. increased its stake in Plains All American Pipeline by 9.2% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 30,393 shares of the pipeline company’s stock valued at $718,000 after buying an additional 2,572 shares during the period. Catawba Capital Management VA increased its stake in Plains All American Pipeline by 10.8% in the 2nd quarter. Catawba Capital Management VA now owns 27,993 shares of the pipeline company’s stock valued at $662,000 after buying an additional 2,733 shares during the period. Finally, First National Trust Co increased its stake in Plains All American Pipeline by 26.0% in the 3rd quarter. First National Trust Co now owns 13,788 shares of the pipeline company’s stock valued at $345,000 after buying an additional 2,842 shares during the period. 45.90% of the stock is currently owned by institutional investors and hedge funds.

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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