On Friday, Shares of Plains All American Pipeline (NYSE: PAA) showed the bearish trend with a lower momentum of -0.79% to $23.99. The company traded total volume of 1,076,496 shares as contrast to its average volume of 2.32M shares. The company has a market value of $17.42B and about 726.00M shares outstanding.
Plains All American Pipeline L.P. (PAA) stated fourth-quarter net income of $1.12B. The Houston-based company said it had net income of $1.38 per share. Earnings, adjusted for non-recurring gains, came to 80 cents per share. The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The oil and gas transportation and Storage Company posted revenue of $8.79B in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $9.12B.
For the year, the company stated profit of $2.22B, or $2.71 per share. Revenue was stated as $34.06B.
The Company offered net profit margin of 5.90% while its gross profit margin was 8.80%. ROE was recorded as 22.30% while beta factor was 1.08. The stock, as of recent close, has shown the weekly downbeat performance of -2.32% which was maintained at 19.71% in this year.