Plains All American Pipeline (PAA) Set to Announce Earnings on Friday

Plains All American Pipeline (NYSE:PAA) will be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Plains All American Pipeline had a net margin of 2.07% and a return on equity of 11.52%. The firm had revenue of $12.93 billion for the quarter, compared to analysts’ expectations of $12.32 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, analysts expect Plains All American Pipeline to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Plains All American Pipeline Trading Down 3.0 %

Shares of PAA stock opened at $16.27 on Friday. Plains All American Pipeline has a 52-week low of $14.46 and a 52-week high of $19.17. The business’s fifty day moving average is $17.47 and its 200 day moving average is $17.58. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. The company has a market capitalization of $11.41 billion, a PE ratio of 14.79 and a beta of 1.60.

Plains All American Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.81%. The ex-dividend date is Thursday, October 31st. Plains All American Pipeline’s payout ratio is 115.45%.

Wall Street Analyst Weigh In

PAA has been the subject of several research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $19.00 target price on shares of Plains All American Pipeline in a research report on Wednesday, September 4th. Bank of America assumed coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They issued a “neutral” rating and a $18.00 target price on the stock. Finally, Morgan Stanley lowered Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.82.

About Plains All American Pipeline

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.