Plains All American Pipeline (NYSE:PAA) Issues Earnings Results

Plains All American Pipeline (NYSE:PAA) released its earnings results on Friday. The pipeline company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02, Briefing.com reports. Plains All American Pipeline had a return on equity of 10.53% and a net margin of 2.08%. The business had revenue of $12 billion for the quarter, compared to the consensus estimate of $12.98 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year.

Plains All American Pipeline Price Performance

Shares of Plains All American Pipeline stock opened at $17.49 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.98 and a debt-to-equity ratio of 0.64. Plains All American Pipeline has a 52 week low of $12.07 and a 52 week high of $19.03. The stock’s 50-day simple moving average is $17.37 and its 200-day simple moving average is $16.15. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 12.23 and a beta of 1.58.

Plains All American Pipeline Dividend Announcement

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 dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date is Tuesday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is 109.48%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PAA shares. Citigroup increased their price objective on shares of Plains All American Pipeline from $16.50 to $17.50 and gave the company a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their price objective on shares of Plains All American Pipeline from $14.50 to $16.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Stifel Nicolaus increased their target price on Plains All American Pipeline from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. UBS Group boosted their price target on Plains All American Pipeline from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Scotiabank began coverage on Plains All American Pipeline in a report on Monday, April 8th. They issued a “sector outperform” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Plains All American Pipeline has an average rating of “Moderate Buy” and a consensus target price of $18.96.

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.