Plains All American Pipeline (NYSE:PAA – Get Free Report) posted its quarterly earnings results on Friday. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.02), Briefing.com reports. Plains All American Pipeline had a net margin of 2.08% and a return on equity of 10.53%. The company had revenue of $12.93 billion during the quarter, compared to analyst estimates of $12.32 billion. During the same period last year, the firm earned $0.25 EPS. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year.
Plains All American Pipeline Trading Down 3.2 %
Shares of NYSE PAA traded down $0.58 during midday trading on Friday, reaching $17.42. The stock had a trading volume of 4,580,684 shares, compared to its average volume of 2,018,039. Plains All American Pipeline has a twelve month low of $14.25 and a twelve month high of $19.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 0.97. The company’s 50 day moving average price is $17.78 and its 200 day moving average price is $17.20. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 15.02 and a beta of 1.61.
Plains All American Pipeline Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.3175 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.27 annualized dividend and a yield of 7.29%. Plains All American Pipeline’s payout ratio is 109.48%.
Analysts Set New Price Targets
Read Our Latest Stock Report on Plains All American Pipeline
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.
Read More
- Five stocks we like better than Plains All American Pipeline
- Overbought Stocks Explained: Should You Trade Them?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Why Are Stock Sectors Important to Successful Investing?
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for Plains All American Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains All American Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.