Plains GP (NYSE:PAGP – Get Free Report) posted its quarterly earnings results on Friday. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.11), Zacks reports. The company had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $13.70 billion. Plains GP had a return on equity of 1.15% and a net margin of 0.35%. During the same quarter in the prior year, the business earned $0.25 earnings per share.
Plains GP Stock Performance
Shares of Plains GP stock opened at $18.40 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.88. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 20.91 and a beta of 1.54. The stock’s 50-day moving average is $18.71 and its 200-day moving average is $18.04. Plains GP has a one year low of $14.71 and a one year high of $20.10.
Plains GP Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Wednesday, July 31st. Plains GP’s dividend payout ratio (DPR) is presently 144.32%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Plains GP
About Plains GP
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.
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