Plains All American Pipeline, L.P. Forecasted to Earn Q3 2018 Earnings of $0.33 Per Share (PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Investment analysts at SunTrust Banks issued their Q3 2018 EPS estimates for shares of Plains All American Pipeline in a research note issued on Wednesday, August 8th. SunTrust Banks analyst T. Richardson expects that the pipeline company will earn $0.33 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $29.00 target price on the stock. SunTrust Banks also issued estimates for Plains All American Pipeline’s Q4 2018 earnings at $0.57 EPS, FY2018 earnings at $1.63 EPS, Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.40 EPS, Q4 2019 earnings at $0.58 EPS, FY2019 earnings at $1.94 EPS and FY2020 earnings at $2.28 EPS.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Plains All American Pipeline from a “c+” rating to a “b” rating in a report on Monday, June 11th. BMO Capital Markets restated a “buy” rating and set a $27.00 target price on shares of Plains All American Pipeline in a research report on Friday, July 13th. Zacks Investment Research upgraded shares of Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, July 12th. Deutsche Bank started coverage on shares of Plains All American Pipeline in a research report on Thursday, April 19th. They set a “buy” rating and a $29.00 target price for the company. Finally, Bank of America upgraded shares of Plains All American Pipeline from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Plains All American Pipeline presently has a consensus rating of “Hold” and an average target price of $26.33.

PAA stock opened at $27.27 on Monday. The stock has a market cap of $19.47 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.17 and a beta of 0.81. Plains All American Pipeline has a 52 week low of $18.38 and a 52 week high of $27.70. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.03.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Tuesday, August 7th. The pipeline company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.15. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.18 billion. Plains All American Pipeline had a net margin of 2.04% and a return on equity of 12.73%.

A number of institutional investors and hedge funds have recently made changes to their positions in PAA. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Plains All American Pipeline in the second quarter valued at approximately $270,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Plains All American Pipeline in the first quarter valued at approximately $108,000. FTB Advisors Inc. raised its position in shares of Plains All American Pipeline by 97.8% in the first quarter. FTB Advisors Inc. now owns 5,695 shares of the pipeline company’s stock valued at $125,000 after buying an additional 2,816 shares during the last quarter. Stuart Chaussee & Associates Inc. acquired a new position in shares of Plains All American Pipeline in the second quarter valued at approximately $162,000. Finally, Penn Davis Mcfarland Inc. acquired a new position in shares of Plains All American Pipeline in the second quarter valued at approximately $201,000. Institutional investors own 45.56% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 14th. Shareholders of record on Tuesday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, July 30th. Plains All American Pipeline’s payout ratio is currently 127.66%.

About Plains All American Pipeline

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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