Seaport Global Securities Weighs in on Plains All American Pipeline’s Q1 2018 Earnings (NYSE:PAA)

Plains All American Pipeline (NYSE:PAA) – Stock analysts at Seaport Global Securities issued their Q1 2018 EPS estimates for shares of Plains All American Pipeline in a note issued to investors on Monday, April 9th, Zacks Investment Research reports. Seaport Global Securities analyst B. Colson expects that the pipeline company will post earnings of $0.43 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $25.00 price target on the stock. Seaport Global Securities also issued estimates for Plains All American Pipeline’s Q3 2018 earnings at $0.38 EPS, Q4 2018 earnings at $0.46 EPS and FY2019 earnings at $1.75 EPS.

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Plains All American Pipeline (NYSE:PAA) last announced its quarterly earnings results on Tuesday, February 6th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). Plains All American Pipeline had a net margin of 3.26% and a return on equity of 10.01%. The business had revenue of $7.61 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year.

A number of other research firms also recently weighed in on PAA. Jefferies Group reissued a “buy” rating and issued a $25.00 target price on shares of Plains All American Pipeline in a report on Friday, January 12th. JPMorgan Chase reissued an “overweight” rating and issued a $28.00 target price (up previously from $27.00) on shares of Plains All American Pipeline in a report on Tuesday, March 13th. SunTrust Banks raised Plains All American Pipeline from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, April 9th. Barclays downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and set a $26.00 target price on the stock. in a report on Wednesday, January 17th. Finally, Bank of America assumed coverage on Plains All American Pipeline in a report on Tuesday, January 9th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Plains All American Pipeline has a consensus rating of “Buy” and an average price target of $26.44.

PAA stock opened at $24.62 on Tuesday. Plains All American Pipeline has a fifty-two week low of $18.38 and a fifty-two week high of $30.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.73 and a current ratio of 0.88. The stock has a market capitalization of $18,043.13, a price-to-earnings ratio of 26.19 and a beta of 0.74.

Several large investors have recently added to or reduced their stakes in the stock. Gould Asset Management LLC CA grew its stake in Plains All American Pipeline by 19.8% in the 4th quarter. Gould Asset Management LLC CA now owns 17,060 shares of the pipeline company’s stock worth $352,000 after acquiring an additional 2,820 shares during the period. Sippican Capital Advisors lifted its holdings in Plains All American Pipeline by 15.2% in the 4th quarter. Sippican Capital Advisors now owns 22,020 shares of the pipeline company’s stock worth $454,000 after buying an additional 2,900 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in Plains All American Pipeline by 23.5% in the 4th quarter. King Luther Capital Management Corp now owns 16,550 shares of the pipeline company’s stock worth $342,000 after buying an additional 3,150 shares in the last quarter. Trust Asset Management LLC lifted its holdings in Plains All American Pipeline by 0.6% in the 4th quarter. Trust Asset Management LLC now owns 574,209 shares of the pipeline company’s stock worth $12,073,000 after buying an additional 3,438 shares in the last quarter. Finally, Koch Industries Inc. lifted its holdings in Plains All American Pipeline by 27.4% in the 4th quarter. Koch Industries Inc. now owns 18,229 shares of the pipeline company’s stock worth $376,000 after buying an additional 3,921 shares in the last quarter. Hedge funds and other institutional investors own 43.84% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.87%. The ex-dividend date is Monday, April 30th. Plains All American Pipeline’s dividend payout ratio (DPR) is currently 127.66%.

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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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