Earnings and Growth Analysis : Plains All American Pipeline (NYSE:PAA)

Earnings results for Plains All American Pipeline (NYSE:PAA)

Plains All American Pipeline, L.P. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.24. The reported EPS for the same quarter last year was $0.55.

Plains All American Pipeline last issued its quarterly earnings results on February 8th, 2021. The pipeline company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.42. The firm earned $5.96 billion during the quarter, compared to the consensus estimate of $7.23 billion. Plains All American Pipeline has generated $2.51 earnings per share over the last year. Plains All American Pipeline has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Plains All American Pipeline will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Plains All American Pipeline (NYSE:PAA)

11 Wall Street analysts have issued ratings and price targets for Plains All American Pipeline in the last 12 months. Their average twelve-month price target is $21.89, predicting that the stock has a possible upside of 141.07%. The high price target for PAA is $110.00 and the low price target for PAA is $8.00. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Plains All American Pipeline has received a consensus rating of Buy. The company’s average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $21.89, Plains All American Pipeline has a forecasted upside of 141.1% from its current price of $9.08. Plains All American Pipeline has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Plains All American Pipeline (NYSE:PAA)

Plains All American Pipeline is a leading dividend payer. It pays a dividend yield of 7.93%, putting its dividend yield in the top 25% of dividend-paying stocks. Plains All American Pipeline does not have a long track record of dividend growth. The dividend payout ratio of Plains All American Pipeline is 28.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Plains All American Pipeline will have a dividend payout ratio of 61.54% next year. This indicates that Plains All American Pipeline will be able to sustain or increase its dividend.

Insiders buying/selling: Plains All American Pipeline (NYSE:PAA)

In the past three months, Plains All American Pipeline insiders have not sold or bought any company stock. Only 1.12% of the stock of Plains All American Pipeline is held by insiders. 45.61% of the stock of Plains All American Pipeline is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Plains All American Pipeline (NYSE:PAA

Earnings for Plains All American Pipeline are expected to decrease by -23.53% in the coming year, from $1.53 to $1.17 per share. The P/E ratio of Plains All American Pipeline is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Plains All American Pipeline is -2.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Plains All American Pipeline has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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