Equities Analysts Set Expectations for Plains All American Pipeline, L.P.’s Q3 2017 Earnings (PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Research analysts at Seaport Global Securities issued their Q3 2017 EPS estimates for Plains All American Pipeline, L.P. in a note issued to investors on Tuesday. Seaport Global Securities analyst B. Colson anticipates that the pipeline company will earn $0.26 per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $23.00 price target on the stock. Seaport Global Securities also issued estimates for Plains All American Pipeline, L.P.’s Q4 2017 earnings at $0.33 EPS.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its earnings results on Monday, August 7th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.05). Plains All American Pipeline, L.P. had a return on equity of 10.14% and a net margin of 4.42%. The company had revenue of $6.08 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the company posted ($0.12) EPS. The business’s revenue was up 22.8% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This piece was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://sportsperspectives.com/2017/10/12/equities-analysts-set-expectations-for-plains-all-american-pipeline-l-p-s-q3-2017-earnings-paa.html.

Several other research firms have also recently commented on PAA. UBS AG raised shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “strong-buy” rating in a research report on Monday, August 28th. Mizuho raised shares of Plains All American Pipeline, L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Monday, July 10th. Raymond James Financial, Inc. raised shares of Plains All American Pipeline, L.P. from an “outperform” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, August 28th. Jefferies Group LLC reissued a “hold” rating and set a $28.00 target price (up previously from $27.00) on shares of Plains All American Pipeline, L.P. in a research report on Friday, July 21st. Finally, Bank of America Corporation dropped their target price on shares of Plains All American Pipeline, L.P. from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Plains All American Pipeline, L.P. presently has a consensus rating of “Hold” and an average target price of $28.24.

Shares of Plains All American Pipeline, L.P. (PAA) opened at 21.60 on Wednesday. Plains All American Pipeline, L.P. has a 12-month low of $18.82 and a 12-month high of $33.95. The company’s 50-day moving average price is $21.47 and its 200 day moving average price is $25.40. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 16.67 and a beta of 0.98.

Hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Plains All American Pipeline, L.P. by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,872,670 shares of the pipeline company’s stock valued at $101,735,000 after acquiring an additional 19,466 shares during the period. Rothschild Investment Corp IL raised its holdings in Plains All American Pipeline, L.P. by 3.1% during the 2nd quarter. Rothschild Investment Corp IL now owns 99,975 shares of the pipeline company’s stock valued at $2,626,000 after acquiring an additional 3,050 shares during the period. Bollard Group LLC raised its holdings in Plains All American Pipeline, L.P. by 2.0% during the 2nd quarter. Bollard Group LLC now owns 333,220 shares of the pipeline company’s stock valued at $8,754,000 after acquiring an additional 6,461 shares during the period. Bridges Investment Counsel Inc. raised its holdings in Plains All American Pipeline, L.P. by 131.4% during the 2nd quarter. Bridges Investment Counsel Inc. now owns 31,141 shares of the pipeline company’s stock valued at $818,000 after acquiring an additional 17,685 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Plains All American Pipeline, L.P. by 18.4% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 195,900 shares of the pipeline company’s stock valued at $5,839,000 after acquiring an additional 30,403 shares during the period. 42.08% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Monday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.56%. Plains All American Pipeline, L.P.’s payout ratio is 165.41%.

About Plains All American Pipeline, L.P.

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.

Earnings History and Estimates for Plains All American Pipeline, L.P. (NYSE:PAA)

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