Plains All American Pipeline (NYSE:PAA) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Plains All American Pipeline (NYSE:PAA) announced its quarterly earnings data on Friday. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06), Briefing.com reports. Plains All American Pipeline had a return on equity of 11.69% and a net margin of 1.54%. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was up .1% compared to the same quarter last year.

Plains All American Pipeline Trading Down 3.0 %

PAA stock opened at $16.44 on Friday. Plains All American Pipeline has a 1-year low of $15.58 and a 1-year high of $21.00. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $18.31 and its 200-day moving average is $18.43. The firm has a market cap of $11.57 billion, a P/E ratio of 22.52 and a beta of 0.70.

Plains All American Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 1st. This represents a $1.52 annualized dividend and a dividend yield of 9.25%. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 163.44%.

Wall Street Analysts Forecast Growth

PAA has been the topic of several recent research reports. Barclays restated an “underweight” rating and issued a $18.00 price target on shares of Plains All American Pipeline in a research report on Friday. Scotiabank decreased their target price on Plains All American Pipeline from $23.00 to $22.00 and set a “sector outperform” rating on the stock in a report on Thursday, March 6th. UBS Group reaffirmed a “buy” rating on shares of Plains All American Pipeline in a report on Friday. Wells Fargo & Company cut Plains All American Pipeline from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, Raymond James restated a “strong-buy” rating on shares of Plains All American Pipeline in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.89.

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.