Plains GP (PAGP) Set to Announce Earnings on Friday

Plains GP (NYSE:PAGP) is set to release its earnings data before the market opens on Friday, May 3rd. Analysts expect Plains GP to post earnings of $0.53 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Plains GP (NYSE:PAGP) last posted its quarterly earnings data 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 return on equity of 1.33% and a net margin of 0.41%. 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 3.8 %

Plains GP stock opened at $18.21 on Wednesday. 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 business’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $16.77. The firm has a market capitalization of $3.59 billion, a PE ratio of 17.85 and a beta of 1.55. Plains GP has a 52 week low of $12.59 and a 52 week high of $19.77.

Plains GP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a dividend of $0.3175 per share. The ex-dividend date is Tuesday, April 30th. This represents a $1.27 annualized dividend and a yield of 6.97%. Plains GP’s dividend payout ratio is 124.51%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PAGP shares. UBS Group boosted their price target on Plains GP from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, April 12th. StockNews.com upgraded Plains GP from a “hold” rating to a “buy” rating in a research note on Monday, March 4th. Barclays boosted their price target on Plains GP from $16.00 to $18.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Stifel Nicolaus boosted their price target on Plains GP from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Citigroup boosted their price target on Plains GP from $16.50 to $17.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.