Plains GP (PAGP) Set to Announce Earnings on Friday

Plains GP (NYSE:PAGP - Get Free Report) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Plains GP (NYSE:PAGP - Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The pipeline company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.06). The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $12.88 billion. Plains GP had a net margin of 0.41% and a return on equity of 1.33%. On average, analysts expect Plains GP to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Plains GP Trading Down 0.8 %

NYSE PAGP traded down $0.16 during trading on Friday, hitting $18.76. The stock had a trading volume of 2,403,866 shares, compared to its average volume of 2,233,008. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 0.98. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 18.39 and a beta of 1.55. Plains GP has a one year low of $12.59 and a one year high of $19.77. The stock has a 50 day simple moving average of $18.01 and a 200 day simple moving average of $16.72.

Plains GP Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.3175 dividend. This represents a $1.27 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Tuesday, April 30th. Plains GP's payout ratio is currently 124.51%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Plains GP from $16.00 to $18.00 and gave the company an "underweight" rating in a research note on Friday, April 12th. StockNews.com raised shares of Plains GP from a "hold" rating to a "buy" rating in a report on Monday, March 4th. The Goldman Sachs Group lifted their price objective on shares of Plains GP from $14.50 to $16.00 and gave the company a "sell" rating in a report on Friday, April 12th. UBS Group lifted their price objective on shares of Plains GP from $22.00 to $23.00 and gave the company a "buy" rating in a report on Friday, April 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Plains GP from $18.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Plains GP currently has an average rating of "Moderate Buy" and a consensus price target of $19.55.

Plains GP Company Profile

Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream infrastructure systems in the United States and Canada. It operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the gathering and transporting crude oil and NGLs using pipelines, gathering systems, and trucks.