Brokers Set Expectations for Plains All American Pipeline, L.P.’s Q4 2017 Earnings (PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at Jefferies Group lowered their Q4 2017 earnings per share estimates for shares of Plains All American Pipeline in a report released on Wednesday. Jefferies Group analyst C. Sighinolfi now anticipates that the pipeline company will earn $0.35 per share for the quarter, down from their previous forecast of $0.41. Jefferies Group has a “Buy” rating and a $23.00 price objective on the stock. Jefferies Group also issued estimates for Plains All American Pipeline’s FY2018 earnings at $1.34 EPS and FY2021 earnings at $2.16 EPS.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Monday, November 6th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $6.24 billion. Plains All American Pipeline had a net margin of 3.22% and a return on equity of 9.06%. Plains All American Pipeline’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets set a $25.00 price target on Plains All American Pipeline and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Stifel Nicolaus set a $21.00 price target on Plains All American Pipeline and gave the stock a “hold” rating in a research report on Monday, August 28th. Bank of America lowered their price target on Plains All American Pipeline from $26.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, August 28th. Robert W. Baird set a $20.00 price target on Plains All American Pipeline and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, SunTrust Banks reissued a “hold” rating and set a $24.00 price target on shares of Plains All American Pipeline in a research report on Friday, November 10th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $26.63.

Plains All American Pipeline (NYSE PAA) traded up $0.28 during trading hours on Thursday, hitting $20.86. The company had a trading volume of 3,179,100 shares, compared to its average volume of 2,807,145. The company has a current ratio of 1.00, a quick ratio of 0.78 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $14,924.39, a P/E ratio of 24.80 and a beta of 1.00. Plains All American Pipeline has a twelve month low of $18.38 and a twelve month high of $33.75.

In other news, VP Chris Herbold sold 10,171 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $20.25, for a total transaction of $205,962.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BB&T Investment Services Inc. bought a new stake in shares of Plains All American Pipeline in the second quarter valued at approximately $108,000. IHT Wealth Management LLC bought a new stake in shares of Plains All American Pipeline in the second quarter valued at approximately $118,000. Advisory Services Network LLC boosted its stake in shares of Plains All American Pipeline by 5.1% in the second quarter. Advisory Services Network LLC now owns 4,624 shares of the pipeline company’s stock valued at $121,000 after buying an additional 223 shares during the period. Pathstone Family Office LLC bought a new stake in shares of Plains All American Pipeline in the second quarter valued at approximately $127,000. Finally, Spectrum Management Group Inc. bought a new stake in shares of Plains All American Pipeline in the third quarter valued at approximately $142,000. Institutional investors and hedge funds own 43.41% of the company’s stock.

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Plains All American Pipeline Company Profile

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. The Company’s transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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

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