Seaport Res Ptn Has Bearish Forecast for PAA FY2026 Earnings

Plains All American Pipeline, L.P. (NYSE:PAA - Free Report) - Research analysts at Seaport Res Ptn lowered their FY2026 EPS estimates for shares of Plains All American Pipeline in a research report issued to clients and investors on Monday, April 28th. Seaport Res Ptn analyst S. Sibal now expects that the pipeline company will earn $1.08 per share for the year, down from their previous estimate of $1.11. The consensus estimate for Plains All American Pipeline's current full-year earnings is $1.52 per share. Seaport Res Ptn also issued estimates for Plains All American Pipeline's FY2027 earnings at $0.98 EPS.

A number of other equities research analysts have also issued reports on the company. Wolfe Research raised Plains All American Pipeline from a "peer perform" rating to an "outperform" rating and set a $22.00 price target for the company in a research note on Friday, January 10th. Barclays decreased their target price on Plains All American Pipeline from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Thursday, April 10th. Raymond James upped their price target on shares of Plains All American Pipeline from $23.00 to $24.00 and gave the stock a "strong-buy" rating in a report on Tuesday, January 28th. Scotiabank reduced their price target on shares of Plains All American Pipeline from $23.00 to $22.00 and set a "sector outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley boosted their price objective on shares of Plains All American Pipeline from $19.00 to $23.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.36.

Plains All American Pipeline Trading Down 0.5 %

Shares of NYSE:PAA traded down $0.08 during trading hours on Thursday, hitting $16.63. 6,190,819 shares of the company's stock traded hands, compared to its average volume of 3,062,997. The firm has a market capitalization of $11.70 billion, a P/E ratio of 22.78 and a beta of 1.17. The business has a fifty day moving average price of $18.66 and a 200-day moving average price of $18.45. Plains All American Pipeline has a 1 year low of $15.58 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92.

Institutional Trading of Plains All American Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC increased its holdings in shares of Plains All American Pipeline by 65.7% in the first quarter. Apollon Wealth Management LLC now owns 79,887 shares of the pipeline company's stock valued at $1,598,000 after purchasing an additional 31,670 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in Plains All American Pipeline in the first quarter valued at approximately $667,000. ELCO Management Co. LLC increased its holdings in Plains All American Pipeline by 14.5% in the 1st quarter. ELCO Management Co. LLC now owns 175,813 shares of the pipeline company's stock worth $3,516,000 after buying an additional 22,274 shares during the period. CWM LLC raised its position in Plains All American Pipeline by 32.3% during the 1st quarter. CWM LLC now owns 8,558 shares of the pipeline company's stock worth $171,000 after buying an additional 2,090 shares during the last quarter. Finally, Oxbow Advisors LLC lifted its stake in Plains All American Pipeline by 3.5% during the 1st quarter. Oxbow Advisors LLC now owns 117,932 shares of the pipeline company's stock valued at $2,359,000 after acquiring an additional 4,000 shares during the period. Hedge funds and other institutional investors own 41.78% of the company's stock.

Plains All American Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend is Thursday, May 1st. Plains All American Pipeline's dividend payout ratio is currently 208.22%.

About Plains All American Pipeline

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.