Plains All American Pipeline (PAA) Scheduled to Post Earnings on Friday

Plains All American Pipeline (NYSE:PAA) is scheduled to be releasing its earnings data before the market opens on Friday, May 3rd. Analysts expect Plains All American Pipeline to post earnings of $0.37 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings data on Friday, February 9th. The pipeline company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $14.30 billion. Plains All American Pipeline had a return on equity of 10.48% and a net margin of 2.39%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. 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 Stock Performance

Shares of PAA stock opened at $18.07 on Friday. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 13.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.98 and a quick ratio of 0.87. The business has a fifty day moving average of $17.23 and a 200 day moving average of $16.05. Plains All American Pipeline has a 1 year low of $12.07 and a 1 year high of $19.03.

Plains All American Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.3175 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 dividend on an annualized basis and a yield of 7.03%. Plains All American Pipeline’s dividend payout ratio (DPR) is 91.37%.

Analysts Set New Price Targets

PAA has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Plains All American Pipeline from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. The Goldman Sachs Group lifted their price objective on Plains All American Pipeline from $14.50 to $16.00 and gave the company a “sell” rating in a research note on Friday, April 12th. UBS Group lifted their price objective on Plains All American Pipeline from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Citigroup lifted their price objective on Plains All American Pipeline from $16.50 to $17.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Scotiabank assumed coverage on Plains All American Pipeline in a research note on Monday, April 8th. They issued a “sector outperform” rating and a $23.00 price target for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.96.

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.