Plains All American Pipeline, L.P. Expected to Earn FY2021 Earnings of $1.85 Per Share (PAA)

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Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at US Capital Advisors issued their FY2021 EPS estimates for Plains All American Pipeline in a research report issued on Monday, April 22nd. US Capital Advisors analyst B. Followill expects that the pipeline company will earn $1.85 per share for the year.

Several other analysts have also weighed in on PAA. Goldman Sachs Group upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating in a report on Wednesday, January 2nd. ValuEngine raised Plains All American Pipeline from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Evercore ISI assumed coverage on Plains All American Pipeline in a research report on Tuesday, February 5th. They set a $24.00 price target on the stock. Finally, Tudor Pickering raised Plains All American Pipeline from a “hold” rating to a “buy” rating in a research report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.29.

Shares of Plains All American Pipeline stock opened at $24.05 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.02 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $17.48 billion, a PE ratio of 12.79 and a beta of 1.09. Plains All American Pipeline has a fifty-two week low of $19.33 and a fifty-two week high of $27.70.

Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, February 5th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.11. Plains All American Pipeline had a return on equity of 18.87% and a net margin of 6.50%. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $9.92 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 15.5% on a year-over-year basis.

A number of large investors have recently made changes to their positions in PAA. Lau Associates LLC raised its position in Plains All American Pipeline by 1.6% during the fourth quarter. Lau Associates LLC now owns 37,165 shares of the pipeline company’s stock valued at $745,000 after purchasing an additional 569 shares in the last quarter. Avestar Capital LLC increased its holdings in Plains All American Pipeline by 15.2% in the fourth quarter. Avestar Capital LLC now owns 5,489 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 725 shares during the period. Narwhal Capital Management increased its holdings in Plains All American Pipeline by 4.5% in the fourth quarter. Narwhal Capital Management now owns 23,075 shares of the pipeline company’s stock valued at $462,000 after purchasing an additional 1,000 shares during the period. Wealthstreet Investment Advisors LLC increased its holdings in Plains All American Pipeline by 5.1% in the fourth quarter. Wealthstreet Investment Advisors LLC now owns 20,471 shares of the pipeline company’s stock valued at $464,000 after purchasing an additional 1,000 shares during the period. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in Plains All American Pipeline by 22.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 5,890 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 1,070 shares during the period. Hedge funds and other institutional investors own 47.67% of the company’s stock.

The firm 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 $0.36 per share. This is an increase from Plains All American Pipeline’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, April 30th. This represents a $1.44 annualized dividend and a yield of 5.99%. Plains All American Pipeline’s dividend payout ratio is presently 63.83%.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates in three segments: Transportation, Facilities, and Supply and Logistics.

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

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