Several other analysts have also recently issued reports on PAA. After $0.15 actual earnings per share reported by Plains GP Holdings LP for the previous quarter, Wall Street now forecasts 26.67% EPS growth.
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Plains Group Holdings L.P. (PAGP): 14 investment research analysts covering Plains Group Holdings L.P. (PAGP) have an average price target of $11.59 for the near short term. Analysts anticipate that Plains All American Pipeline L.P. will post $1.16 earnings per share for the current year.
According to Zacks Investment Research, “Plains GP Holdings, L.P. operates as a holding company”. On these bases, analysts would recommend this stock as an “Active Revolving Stocks”. Wunderlich Securities’s target would suggest a potential downside of -4.10% from the company’s current stock price. Following this ratio, Plains All American Pipeline, L.P. (NYSE:PAA) ratio came in at 81.29. (NYSE:PAA) opened at 28.06 on Wednesday. The company’s stock had a trading volume of 145,236 shares. The corporation has a market capitalization of US$11.16 Billion. Plains All American Pipeline L.P. The reported earnings missed the analyst’s consensus by $-0.32 with the surprise factor of -266.70%. During the same quarter in the prior year, the business earned $0.27 earnings per share. Investors of record on Friday, July 29th were paid a dividend of $0.70 per share. There was another key research note provided by Robert W. Baird on Wednesday July 13, 2016. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.12%. The 21 stock analysts who cover the stock have an average PT at $30.17, with individual targets in the range of $26 to $37. Following the completion of the transaction, the executive vice president now owns 122,359 shares in the company, valued at approximately $3,664,652.05. Plains All American Pipeline L.P. Duckett W David offloaded 17,333 shares in the company at a per-share price of $29.76 and ended up generating $515,830 in proceeds. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of PAA. “Plains GP Holdings, L.P.is based in Houston, Texas”. HighTower Advisors LLC now owns 550,438 shares of the company’s stock valued at $12,712,000 after buying an additional 50,227 shares during the period. NEXT Financial Group Inc boosted its position in Plains All American Pipeline L.P.by 24.1% in the second quarter. The company’s existing price is 28.06 with a change in volume of 3981400. NEXT Financial Group Inc now owns 5,924 shares of the company’s stock valued at $162,000 after buying an additional 1,150 shares during the period. Creative Planning increased its position in shares of Plains All American Pipeline L.P.by 18.3% in the first quarter. LLC now owns 7,500 shares of the company’s stock valued at $206,000 after buying an additional 3,740 shares during the period. And roundups of analyst notes show that 2 are rating the stock a buy while 4 rate PAGP a strong buy.
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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. Results were due to a combination of better performance (year-on-year increases in segment profits of Transportation and Facilities segments, offset by declines in Supply and Logistics segment), inclusion of deficiency payments from take-or-pay contracts, and timing related benefits that are expected to reverse later in the year.
