Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) - Research analysts at Seaport Res Ptn issued their Q4 2024 EPS estimates for shares of Plains All American Pipeline in a research note issued to investors on Wednesday, February 5th. Seaport Res Ptn analyst S. Sibal anticipates that the pipeline company will post earnings per share of $0.37 for the quarter. The consensus estimate for Plains All American Pipeline's current full-year earnings is $1.56 per share. Seaport Res Ptn also issued estimates for Plains All American Pipeline's FY2025 earnings at $1.17 EPS, FY2026 earnings at $1.11 EPS and FY2027 earnings at $1.17 EPS.
PAA has been the subject of a number of other reports. Bank of America started coverage on shares of Plains All American Pipeline in a research note on Thursday, October 17th. They set a "neutral" rating and a $18.00 price objective for the company. Wolfe Research upgraded shares of Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Friday, January 10th. Wells Fargo & Company lowered shares of Plains All American Pipeline from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $22.00 to $20.00 in a research note on Wednesday, December 18th. Barclays lifted their price target on shares of Plains All American Pipeline from $18.00 to $19.00 and gave the stock an "underweight" rating in a research note on Thursday, January 16th. Finally, Scotiabank reiterated a "sector outperform" rating and issued a $23.00 price target on shares of Plains All American Pipeline in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $20.21.
Check Out Our Latest Stock Analysis on PAA
Plains All American Pipeline Stock Up 0.9 %
NYSE:PAA traded up $0.17 on Monday, reaching $19.54. 3,248,711 shares of the stock traded hands, compared to its average volume of 4,803,142. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 17.45 and a beta of 1.65. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.64. Plains All American Pipeline has a 12 month low of $15.63 and a 12 month high of $21.00. The company's fifty day simple moving average is $18.69 and its 200 day simple moving average is $17.93.
Plains All American Pipeline Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 7.78%. The ex-dividend date of this dividend is Friday, January 31st. This is an increase from Plains All American Pipeline's previous quarterly dividend of $0.32. Plains All American Pipeline's payout ratio is 208.22%.
Institutional Investors Weigh In On Plains All American Pipeline
Several large investors have recently bought and sold shares of PAA. Wilmington Savings Fund Society FSB bought a new stake in Plains All American Pipeline in the third quarter worth $27,000. Newbridge Financial Services Group Inc. purchased a new stake in Plains All American Pipeline in the fourth quarter worth about $27,000. National Bank of Canada FI purchased a new stake in Plains All American Pipeline in the fourth quarter worth about $27,000. Jones Financial Companies Lllp lifted its stake in Plains All American Pipeline by 1,684.0% in the fourth quarter. Jones Financial Companies Lllp now owns 3,568 shares of the pipeline company's stock worth $61,000 after acquiring an additional 3,368 shares during the period. Finally, CoreFirst Bank & Trust purchased a new stake in Plains All American Pipeline in the fourth quarter worth about $97,000. Institutional investors own 41.78% of the company's stock.
About Plains All American Pipeline
(
Get Free Report)
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.
Featured Stories
Before you consider Plains All American Pipeline, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Plains All American Pipeline wasn't on the list.
While Plains All American Pipeline currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
