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Plains All American Pipeline (PAA) Stock Moves -1.24%: What You Should Know
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Plains All American Pipeline (PAA - Free Report) closed at $11.12 in the latest trading session, marking a -1.24% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the oil and gas transportation and storage company had lost 3.35% over the past month, lagging the Oils-Energy sector's gain of 1.49% and outpacing the S&P 500's loss of 4.08% in that time.
Plains All American Pipeline will be looking to display strength as it nears its next earnings release. In that report, analysts expect Plains All American Pipeline to post earnings of $0.27 per share. This would mark year-over-year growth of 22.73%. Meanwhile, our latest consensus estimate is calling for revenue of $15.03 billion, up 39.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.10 per share and revenue of $60.06 billion. These totals would mark changes of +15.79% and +42.86%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Plains All American Pipeline. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Plains All American Pipeline is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Plains All American Pipeline's current valuation metrics, including its Forward P/E ratio of 10.28. This represents a discount compared to its industry's average Forward P/E of 10.58.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Plains All American Pipeline (PAA) Stock Moves -1.24%: What You Should Know
Plains All American Pipeline (PAA - Free Report) closed at $11.12 in the latest trading session, marking a -1.24% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the oil and gas transportation and storage company had lost 3.35% over the past month, lagging the Oils-Energy sector's gain of 1.49% and outpacing the S&P 500's loss of 4.08% in that time.
Plains All American Pipeline will be looking to display strength as it nears its next earnings release. In that report, analysts expect Plains All American Pipeline to post earnings of $0.27 per share. This would mark year-over-year growth of 22.73%. Meanwhile, our latest consensus estimate is calling for revenue of $15.03 billion, up 39.5% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.10 per share and revenue of $60.06 billion. These totals would mark changes of +15.79% and +42.86%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Plains All American Pipeline. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Plains All American Pipeline is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Plains All American Pipeline's current valuation metrics, including its Forward P/E ratio of 10.28. This represents a discount compared to its industry's average Forward P/E of 10.58.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 145, putting it in the bottom 43% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.