$11.08 Billion in Sales Expected for Plains All American Pipeline, L.P. (NYSE:PAA) This Quarter

Equities research analysts expect that Plains All American Pipeline, L.P. (NYSE:PAAGet Rating) will report sales of $11.08 billion for the current quarter, Zacks reports. Three analysts have made estimates for Plains All American Pipeline’s earnings. The highest sales estimate is $12.95 billion and the lowest is $9.75 billion. Plains All American Pipeline posted sales of $8.38 billion in the same quarter last year, which suggests a positive year over year growth rate of 32.2%. The firm is expected to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Plains All American Pipeline will report full year sales of $46.82 billion for the current fiscal year, with estimates ranging from $39.06 billion to $55.58 billion. For the next fiscal year, analysts forecast that the business will post sales of $62.31 billion, with estimates ranging from $38.14 billion to $107.86 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Plains All American Pipeline.

Plains All American Pipeline (NYSE:PAAGet Rating) last released its earnings results on Wednesday, February 9th. The pipeline company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The company had revenue of $12.95 billion for the quarter, compared to the consensus estimate of $10.01 billion. Plains All American Pipeline had a return on equity of 10.21% and a net margin of 1.29%. During the same quarter in the previous year, the company posted $0.29 EPS.

Several analysts have issued reports on PAA shares. Barclays upped their price objective on Plains All American Pipeline from $12.00 to $13.00 in a research note on Thursday, January 20th. Wolfe Research upgraded Plains All American Pipeline from a “peer perform” rating to an “outperform” rating in a research note on Monday, January 10th. TD Securities upped their target price on Plains All American Pipeline from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Friday, February 11th. Morgan Stanley upped their target price on Plains All American Pipeline from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Raymond James upped their target price on Plains All American Pipeline from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $13.50.

Several hedge funds have recently modified their holdings of PAA. Paragon Capital Management Ltd acquired a new stake in shares of Plains All American Pipeline in the 4th quarter valued at $25,000. City State Bank bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at $28,000. Exchange Traded Concepts LLC bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at $32,000. Farmers & Merchants Investments Inc. bought a new position in shares of Plains All American Pipeline in the 1st quarter valued at $34,000. Finally, Confluence Wealth Services Inc. bought a new position in shares of Plains All American Pipeline in the 4th quarter valued at $37,000. 45.28% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:PAA opened at $10.70 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average price is $10.83 and its two-hundred day moving average price is $10.46. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 19.45 and a beta of 1.96. Plains All American Pipeline has a 12-month low of $8.64 and a 12-month high of $12.38.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be issued a $0.2175 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 8.13%. The ex-dividend date is Thursday, April 28th. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.18. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 130.91%.

Plains All American Pipeline Company Profile (Get Rating)

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars.

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Earnings History and Estimates for Plains All American Pipeline (NYSE:PAA)

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