Several analysts have recently updated their ratings and price targets for Plains All American Pipeline L.P. (NYSE: PAA):
Plains All American Pipeline L.P. (NYSE:PAA) traded down 0.47% during mid-day trading on Thursday, reaching $31.99. The company had a trading volume of 1,358,747 shares. The firm’s 50-day moving average price is $29.38 and its 200-day moving average price is $26.53. Plains All American Pipeline L.P. has a 12 month low of $14.82 and a 12 month high of $33.00. The stock has a market cap of $12.72 billion, a PE ratio of 91.66 and a beta of 0.91.
Plains All American Pipeline L.P. (NYSE:PAA) last issued its earnings results on Tuesday, August 2nd. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company earned $4.95 billion during the quarter, compared to analysts’ expectations of $5.24 billion. Plains All American Pipeline L.P. had a net margin of 3.30% and a return on equity of 10.88%. The business’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Equities research analysts forecast that Plains All American Pipeline L.P. will post $1.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 31st will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Thursday, October 27th. Plains All American Pipeline L.P.’s payout ratio is 800.02%.