Plains All American Pipeline (PAA) to Release Earnings on Friday

Plains All American Pipeline (NYSE:PAA - Get Free Report) is set to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last issued its earnings results on Friday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. Plains All American Pipeline had a return on equity of 11.52% and a net margin of 2.07%. The business had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $12.32 billion. During the same period last year, the business posted $0.25 EPS. The company's revenue was up 11.5% compared to the same quarter last year. On average, analysts expect Plains All American Pipeline to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Plains All American Pipeline Stock Up 0.7 %

PAA traded up $0.12 during trading on Friday, hitting $16.39. 3,355,543 shares of the company's stock traded hands, compared to its average volume of 2,688,360. The company's 50 day simple moving average is $17.47 and its two-hundred day simple moving average is $17.58. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 0.64. Plains All American Pipeline has a 12-month low of $14.46 and a 12-month high of $19.17. The stock has a market capitalization of $11.49 billion, a price-to-earnings ratio of 11.26 and a beta of 1.60.

Plains All American Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.3175 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.27 annualized dividend and a yield of 7.75%. Plains All American Pipeline's dividend payout ratio is 115.45%.

Analyst Upgrades and Downgrades

PAA has been the topic of several recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $19.00 target price on shares of Plains All American Pipeline in a research note on Wednesday, September 4th. Bank of America began coverage on Plains All American Pipeline in a research note on Thursday, October 17th. They issued a "neutral" rating and a $18.00 price target on the stock. Finally, Morgan Stanley downgraded Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $22.00 to $19.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $19.82.

Plains All American Pipeline Company Profile

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.