Shares of Plains All American Pipeline, L.P. (NYSE:PAA – Get Free Report) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.91.
Several research firms recently issued reports on PAA. Bank of America started coverage on Plains All American Pipeline in a research report on Thursday, October 17th. They set a “neutral” rating and a $18.00 target price for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 price objective on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Finally, UBS Group upped their target price on shares of Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Tuesday, July 2nd.
Check Out Our Latest Stock Analysis on Plains All American Pipeline
Hedge Funds Weigh In On Plains All American Pipeline
Plains All American Pipeline Price Performance
Shares of PAA stock opened at $17.11 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. Plains All American Pipeline has a fifty-two week low of $14.46 and a fifty-two week high of $19.17. The firm has a market cap of $12.00 billion, a P/E ratio of 14.75 and a beta of 1.60. The business’s 50 day moving average price is $17.57 and its 200-day moving average price is $17.65.
Plains All American Pipeline (NYSE:PAA – Get Free Report) last announced its earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The firm had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $12.32 billion. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS. On average, equities research analysts anticipate that Plains All American Pipeline will post 1.3 earnings per share for the current year.
Plains All American Pipeline Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.42%. Plains All American Pipeline’s dividend payout ratio (DPR) is presently 109.48%.
Plains All American Pipeline Company Profile
Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.
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