FY2017 Revenue Evaluation for Plains All American Pipeline, L.P. Issued By US Capital Advisors (PAA)

FY2017 Revenue Evaluation for Plains All American Pipeline, L.P. Issued By US Capital Advisors (PAA)

Plains All American Pipeline, L.P. (NYSE:PAA) – Stock analysts at US Capital Advisors reduced their FY2017 earnings per share estimates for shares of Plains All American Pipeline, L.P. in a research report issued on Wednesday. US Capital Advisors analyst B. Followill now forecasts that the firm will earn $1.70 per share for the year, down from their prior estimate of $1.75. US Capital Advisors also issued estimates for Plains All American Pipeline, L.P.’s Q4 2017 earnings at $0.52 EPS, Q1 2018 earnings at $0.48 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.73 EPS and FY2018 earnings at $2.01 EPS.

Plains All American Pipeline, L.P. (NYSE:PAA) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by $0.10. Plains All American Pipeline, L.P. had a net margin of 3.60% and a return on equity of 11.52%. The firm earned $5.95 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the business posted $0.38 earnings per share. Plains All American Pipeline, L.P.’s revenue was up 19.1% compared to the same quarter last year.

Several other research firms have also recently issued reports on PAA. Zacks Investment Research upgraded shares of Plains All American Pipeline, L.P. from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, January 4th. Royal Bank of Canada restated a “hold” rating and set a $29.00 target price on shares of Plains All American Pipeline, L.P. in a research note on Friday, January 6th. Credit Suisse Group AG restated a “neutral” rating and set a $35.00 target price (up previously from $33.00) on shares of Plains All American Pipeline, L.P. in a research note on Sunday, December 4th. JPMorgan Chase & Co. upgraded shares of Plains All American Pipeline, L.P. from a “neutral” rating to an “overweight” rating and upped their target price for the company from $29.00 to $37.00 in a research note on Friday, December 9th. Finally, Mizuho began coverage on shares of Plains All American Pipeline, L.P. in a research note on Monday, January 30th. They set a “neutral” rating and a $34.00 target price on the stock. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.64.

Plains All American Pipeline, L.P. (NYSE:PAA) opened at 31.28 on Monday. Plains All American Pipeline, L.P. has a 52-week low of $19.76 and a 52-week high of $33.95. The company has a market capitalization of $21.12 billion, a price-to-earnings ratio of 72.74 and a beta of 0.87. The stock has a 50 day moving average of $31.60 and a 200-day moving average of $31.15.

Several large investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC raised its stake in Plains All American Pipeline, L.P. by 2.0% in the third quarter. MCF Advisors LLC now owns 3,789 shares of the company’s stock valued at $119,000 after buying an additional 75 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Plains All American Pipeline, L.P. by 28.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,883 shares of the company’s stock valued at $122,000 after buying an additional 862 shares in the last quarter. Cornerstone Advisors Inc. purchased a new stake in Plains All American Pipeline, L.P. during the third quarter valued at about $126,000. Advisory Services Network LLC raised its stake in Plains All American Pipeline, L.P. by 31.7% in the third quarter. Advisory Services Network LLC now owns 4,162 shares of the company’s stock valued at $131,000 after buying an additional 1,002 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in Plains All American Pipeline, L.P. by 158.4% in the third quarter. Penserra Capital Management LLC now owns 4,688 shares of the company’s stock valued at $147,000 after buying an additional 2,874 shares in the last quarter. 68.61% of the stock is owned by hedge funds and other institutional investors.

About Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P. owns and operates midstream energy infrastructure and provide logistics services for crude oil, natural gas liquids (NGL), natural gas and refined products. The Company operates through three segments: Transportation, Facilities, and Supply and Logistics. Its Transportation segment operations consist of activities associated with transporting crude oil and NGL on pipelines, gathering systems, trucks and barges.

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