Plains GP (PAGP) Scheduled to Post Quarterly Earnings on Friday

Plains GP (NYSE:PAGP - Get Free Report) is scheduled to release its earnings data before the market opens on Friday, November 8th. Analysts expect Plains GP to post earnings of $0.38 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Plains GP (NYSE:PAGP - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The pipeline company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.11). The business had revenue of $12.93 billion for the quarter, compared to the consensus estimate of $13.70 billion. Plains GP had a return on equity of 1.09% and a net margin of 0.33%. During the same quarter last year, the business posted $0.25 earnings per share. On average, analysts expect Plains GP to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Plains GP Stock Performance

Plains GP stock traded up $0.13 during mid-day trading on Friday, reaching $17.33. 2,297,651 shares of the company's stock were exchanged, compared to its average volume of 1,739,260. The business's fifty day simple moving average is $18.61 and its 200 day simple moving average is $18.60. The firm has a market capitalization of $3.42 billion, a PE ratio of 21.28 and a beta of 1.53. Plains GP has a one year low of $14.93 and a one year high of $20.10. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 0.49.

Plains GP Announces Dividend

The company 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 $0.3175 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.27 annualized dividend and a dividend yield of 7.33%. Plains GP's payout ratio is presently 153.01%.

Analyst Ratings Changes

Several brokerages have issued reports on PAGP. Morgan Stanley lowered Plains GP from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $22.00 to $19.00 in a research note on Friday, October 25th. Wolfe Research upgraded Plains GP to a "hold" rating in a research note on Wednesday, September 18th. Finally, StockNews.com upgraded Plains GP from a "hold" rating to a "buy" rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $20.00.

About Plains GP

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.