News Buzz: Plains All American Pipeline LP (NYSE: PAA)

On Wednesday, Shares of Plains All American Pipeline LP (NYSE: PAA) showed the bearish trend with a lower momentum of -0.30% and ended its trading session at $23.50. The company traded total volume of 1.34M shares as contrast to its average volume of 2.54M shares. The company has a market value of $17.01B and about 723.74M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $18.38 and reached the max level of $26.98.

Plains All American Pipeline L.P. (PAA) on Tuesday stated first-quarter profit of $288.0M. On a per-share basis, the Houston-based company said it had profit of 33 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share. The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The oil and gas transportation and Storage Company posted revenue of $8.40B in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $7.430B.

The Company offered net profit margin of 1.80% while its gross profit margin was 6.60%. ROE was recorded as 5.90% while beta factor was 0.73. The stock, as of recent close, has shown the weekly downbeat performance of -1.76% which was maintained at 13.86% in this year.

Grover Beam

Grover Beam has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.