Plains All American Pipeline (PAA) Earning Somewhat Favorable News Coverage, Analysis Finds

Press coverage about Plains All American Pipeline (NYSE:PAA) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Plains All American Pipeline earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the pipeline company an impact score of 46.3737808609889 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Plains All American Pipeline (NYSE PAA) opened at $20.93 on Friday. The stock has a market cap of $15,180.00, a price-to-earnings ratio of 22.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 1.00. Plains All American Pipeline has a 1-year low of $18.38 and a 1-year high of $33.01.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly 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 analyst estimates of $6.37 billion. Plains All American Pipeline had a return on equity of 9.93% and a net margin of 3.26%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. research analysts predict that Plains All American Pipeline will post 1.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.20 annualized dividend and a dividend yield of 5.73%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 130.43%.

PAA has been the subject of several research analyst reports. BMO Capital Markets set a $25.00 price objective on shares of Plains All American Pipeline and gave the company a “buy” rating in a research report on Tuesday, October 17th. Credit Suisse Group initiated coverage on shares of Plains All American Pipeline in a research report on Thursday, January 4th. They set an “outperform” rating and a $25.00 price objective for the company. Bank of America initiated coverage on shares of Plains All American Pipeline in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. Stifel Nicolaus boosted their price objective on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird set a $20.00 price objective on shares of Plains All American Pipeline and gave the company a “hold” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.74.

In other news, VP Chris Herbold sold 10,171 shares of the company’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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About Plains All American Pipeline

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.

Insider Buying and Selling by Quarter for Plains All American Pipeline (NYSE:PAA)

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