Plains GP (PAGP) Scheduled to Post Earnings on Friday

Plains GP (NYSE:PAGP) is scheduled to announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Plains GP (NYSE:PAGP) last issued its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.11). Plains GP had a return on equity of 1.09% and a net margin of 0.33%. The company had revenue of $12.93 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same period in the prior year, the business posted $0.25 EPS. On average, analysts expect Plains GP to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Plains GP Price Performance

PAGP stock opened at $17.20 on Friday. The firm has a 50-day moving average of $18.61 and a two-hundred day moving average of $18.60. The firm has a market capitalization of $3.39 billion, a PE ratio of 20.72 and a beta of 1.53. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.49. Plains GP has a one year low of $14.93 and a one year high of $20.10.

Plains GP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Thursday, October 31st. Plains GP’s dividend payout ratio (DPR) is currently 153.01%.

Analysts Set New Price Targets

PAGP has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of Plains GP from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Wolfe Research upgraded shares of Plains GP to a “hold” rating in a research report on Wednesday, September 18th. Finally, StockNews.com upgraded shares of Plains GP from a “hold” rating to a “buy” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Plains GP currently has an average rating of “Hold” and a consensus price target of $20.00.

Plains GP Company Profile

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.