Plains All American Pipeline (PAA) Set to Announce Earnings on Friday

Plains All American Pipeline (NYSE:PAA) is scheduled to release its earnings data before the market opens on Friday, November 8th. Analysts expect Plains All American Pipeline to post earnings of $0.31 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Plains All American Pipeline Price Performance

PAA opened at $17.43 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $12.22 billion, a P/E ratio of 15.85 and a beta of 1.61. The company’s 50-day simple moving average is $17.40 and its two-hundred day simple moving average is $17.56. Plains All American Pipeline has a 52-week low of $14.46 and a 52-week high of $19.17.

Plains All American Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 7.29%. The ex-dividend date is Thursday, October 31st. Plains All American Pipeline’s payout ratio is currently 115.45%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PAA shares. Bank of America began coverage on shares of Plains All American Pipeline in a report on Thursday, October 17th. They set a “neutral” rating and a $18.00 price objective for the company. Morgan Stanley downgraded Plains All American Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $22.00 to $19.00 in a research report on Friday, October 25th. Finally, 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 report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Plains All American Pipeline has a consensus rating of “Hold” and a consensus 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.