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Plains All American Pipeline (PAA) Gains As Market Dips: What You Should Know
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In the latest trading session, Plains All American Pipeline (PAA - Free Report) closed at $10.21, marking a +0.29% move from the previous day. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the oil and gas transportation and storage company had lost 17.03% in the past month. In that same time, the Oils-Energy sector lost 15.96%, while the S&P 500 lost 9.7%.
Plains All American Pipeline will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.27, up 22.73% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $15.03 billion, up 39.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $60.06 billion, which would represent changes of +15.79% and +42.86%, respectively, from the prior year.
Any recent changes to analyst estimates for Plains All American Pipeline should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.15% higher. Plains All American Pipeline is currently a Zacks Rank #3 (Hold).
Investors should also note Plains All American Pipeline's current valuation metrics, including its Forward P/E ratio of 9.3. This valuation marks a discount compared to its industry's average Forward P/E of 10.45.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Plains All American Pipeline (PAA) Gains As Market Dips: What You Should Know
In the latest trading session, Plains All American Pipeline (PAA - Free Report) closed at $10.21, marking a +0.29% move from the previous day. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq gained 0.03%.
Coming into today, shares of the oil and gas transportation and storage company had lost 17.03% in the past month. In that same time, the Oils-Energy sector lost 15.96%, while the S&P 500 lost 9.7%.
Plains All American Pipeline will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.27, up 22.73% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $15.03 billion, up 39.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.10 per share and revenue of $60.06 billion, which would represent changes of +15.79% and +42.86%, respectively, from the prior year.
Any recent changes to analyst estimates for Plains All American Pipeline should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.15% higher. Plains All American Pipeline is currently a Zacks Rank #3 (Hold).
Investors should also note Plains All American Pipeline's current valuation metrics, including its Forward P/E ratio of 9.3. This valuation marks a discount compared to its industry's average Forward P/E of 10.45.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.