Plains All American Pipeline, L.P. (NYSE:PAA) declared a quarterly dividend on Friday, January 8th, Wall Street Journal reports. Stockholders of record on Friday, January 29th will be paid a dividend of 0.18 per share by the pipeline company on Friday, February 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date is Thursday, January 28th.
Plains All American Pipeline has decreased its dividend payment by 53.9% over the last three years.
PAA opened at $9.44 on Friday. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -3.20 and a beta of 2.19. Plains All American Pipeline has a 1 year low of $3.00 and a 1 year high of $19.05. The company has a current ratio of 0.87, a quick ratio of 0.69 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $8.66 and a 200 day moving average price of $7.63.
Plains All American Pipeline (NYSE:PAA) last released its quarterly earnings data on Saturday, November 7th. The pipeline company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.19). The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.64 billion. Plains All American Pipeline had a negative net margin of 7.01% and a positive return on equity of 17.85%. Plains All American Pipeline’s revenue for the quarter was down 26.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. As a group, sell-side analysts forecast that Plains All American Pipeline will post 1.45 earnings per share for the current fiscal year.
A number of analysts have weighed in on the company. Morgan Stanley boosted their price target on Plains All American Pipeline from $8.00 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, December 11th. Raymond James reduced their price target on Plains All American Pipeline from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, October 20th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Plains All American Pipeline in a research report on Thursday, December 3rd. They issued an “outperform” rating for the company. TD Securities reduced their price target on Plains All American Pipeline from $17.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Finally, Smith Barney Citigroup assumed coverage on Plains All American Pipeline in a research report on Thursday, December 3rd. They issued an “outperform” rating and a $110.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Plains All American Pipeline presently has a consensus rating of “Buy” and an average target price of $18.47.
In related news, Director Chris Temple sold 31,250 shares of the business’s stock in a transaction dated Thursday, December 24th. The stock was sold at an average price of $8.79, for a total transaction of $274,687.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.12% of the company’s stock.
About Plains All American Pipeline
Plains All American Pipeline, L.P., through its subsidiaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), and natural gas in the United States and Canada. The company operates through three segments: Transportation, Facilities, and Supply and Logistics.
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