FY2019 Earnings Forecast for Plains All American Pipeline, L.P. (PAA) Issued By US Capital Advisors

Plains All American Pipeline, L.P. (NYSE:PAA) – Investment analysts at US Capital Advisors lowered their FY2019 earnings estimates for shares of Plains All American Pipeline in a research report issued on Wednesday, April 17th. US Capital Advisors analyst B. Followill now anticipates that the pipeline company will post earnings per share of $2.01 for the year, down from their previous estimate of $2.02. US Capital Advisors also issued estimates for Plains All American Pipeline’s Q4 2019 earnings at $0.66 EPS.

Several other equities research analysts have also recently commented on the company. ValuEngine cut Plains All American Pipeline from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Tudor Pickering upgraded Plains All American Pipeline from a “hold” rating to a “buy” rating in a research note on Wednesday, February 6th. Evercore ISI began coverage on Plains All American Pipeline in a research note on Tuesday, February 5th. They set a $24.00 price target for the company. Finally, Goldman Sachs Group upgraded Plains All American Pipeline from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.29.

Plains All American Pipeline stock opened at $23.99 on Friday. Plains All American Pipeline has a 12 month low of $19.33 and a 12 month high of $27.70. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.02 and a quick ratio of 0.84. The company has a market cap of $17.43 billion, a PE ratio of 12.76 and a beta of 1.09.

Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings results on Tuesday, February 5th. The pipeline company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $9.92 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.36 dividend. This is a boost from Plains All American Pipeline’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.44 annualized dividend and a yield of 6.00%. Plains All American Pipeline’s dividend payout ratio is presently 63.83%.

A number of large investors have recently added to or reduced their stakes in PAA. Tortoise Capital Advisors L.L.C. raised its position in Plains All American Pipeline by 21.2% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 36,218,579 shares of the pipeline company’s stock worth $905,827,000 after acquiring an additional 6,343,995 shares in the last quarter. Chickasaw Capital Management LLC raised its position in Plains All American Pipeline by 36.7% in the first quarter. Chickasaw Capital Management LLC now owns 8,212,010 shares of the pipeline company’s stock worth $201,276,000 after acquiring an additional 2,205,531 shares in the last quarter. Alps Advisors Inc. raised its position in Plains All American Pipeline by 4.0% in the fourth quarter. Alps Advisors Inc. now owns 39,061,715 shares of the pipeline company’s stock worth $782,797,000 after acquiring an additional 1,516,386 shares in the last quarter. Hsbc Holdings PLC raised its position in Plains All American Pipeline by 124.7% in the fourth quarter. Hsbc Holdings PLC now owns 2,435,257 shares of the pipeline company’s stock worth $48,802,000 after acquiring an additional 1,351,407 shares in the last quarter. Finally, Energy Income Partners LLC increased its position in shares of Plains All American Pipeline by 17.9% in the fourth quarter. Energy Income Partners LLC now owns 6,104,086 shares of the pipeline company’s stock valued at $122,326,000 after buying an additional 928,299 shares in the last quarter. Hedge funds and other institutional investors own 47.67% of the company’s stock.

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.

Featured Story: Cost of Debt

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

Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.