What is Seaport Res Ptn’s Forecast for PAA Q4 Earnings?

Plains All American Pipeline, L.P. (NYSE:PAA) – Equities researchers at Seaport Res Ptn issued their Q4 2024 earnings per share estimates for shares of Plains All American Pipeline in a research report issued on Wednesday, February 5th. Seaport Res Ptn analyst S. Sibal forecasts that the pipeline company will earn $0.37 per share for the quarter. The consensus estimate for Plains All American Pipeline’s current full-year earnings is $1.56 per share. Seaport Res Ptn also issued estimates for Plains All American Pipeline’s FY2025 earnings at $1.17 EPS, FY2026 earnings at $1.11 EPS and FY2027 earnings at $1.17 EPS.

PAA has been the subject of a number of other reports. Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $22.00 to $19.00 in a report on Friday, October 25th. Scotiabank restated a “sector outperform” rating and set a $23.00 target price on shares of Plains All American Pipeline in a research note on Friday, January 10th. Wolfe Research raised shares of Plains All American Pipeline from a “peer perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Friday, January 10th. Barclays boosted their price objective on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an “underweight” rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company lowered shares of Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Plains All American Pipeline currently has a consensus rating of “Hold” and a consensus target price of $20.21.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $19.75 on Monday. The stock has a market cap of $13.90 billion, a P/E ratio of 17.63 and a beta of 1.65. The company has a fifty day simple moving average of $18.62 and a 200-day simple moving average of $17.89. Plains All American Pipeline has a 12-month low of $15.45 and a 12-month high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, November 8th. The pipeline company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The firm had revenue of $12.74 billion during the quarter, compared to analysts’ expectations of $13.09 billion. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 11.63%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS.

Institutional Trading of Plains All American Pipeline

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in shares of Plains All American Pipeline by 43.4% in the fourth quarter. Advisors Asset Management Inc. now owns 217,743 shares of the pipeline company’s stock worth $3,719,000 after acquiring an additional 65,887 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Plains All American Pipeline by 9.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 19,915 shares of the pipeline company’s stock valued at $340,000 after buying an additional 1,769 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of Plains All American Pipeline by 51.0% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 109,540 shares of the pipeline company’s stock worth $1,871,000 after acquiring an additional 37,019 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Plains All American Pipeline by 6.3% during the 4th quarter. Corient Private Wealth LLC now owns 427,682 shares of the pipeline company’s stock valued at $7,305,000 after acquiring an additional 25,263 shares in the last quarter. Finally, Atala Financial Inc purchased a new stake in Plains All American Pipeline during the 4th quarter worth $365,000. Institutional investors and hedge funds own 41.78% of the company’s stock.

Plains All American Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.38 per share. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Friday, January 31st. Plains All American Pipeline’s dividend payout ratio is currently 135.71%.

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.