23.61 0.00 (0.00%)
After hours: 4:02PM EDT
|Bid||23.66 x 800|
|Ask||24.00 x 900|
|Day's Range||23.34 - 24.13|
|52 Week Range||19.34 - 27.70|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||6.70|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||1.44 (6.37%)|
|1y Target Est||28.05|
Last week, MDR outperformed the energy sector for the second consecutive week. On June 5, MDR announced, “CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas Development.”
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Debt carries the burden of repayment with additional interest in the future. So prudent investors should avoid companies with large debt loads
A pair of proposed pipelines will give the Port of Corpus Christi access to oil from Oklahoma and North Dakota for the first time. Houston-based Phillips 66 (NYSE: PSX) announced Monday that it plans to build one pipeline to move crude oil from the North Dakota's Bakken Shale oil fields to Cushing, Oklahoma, and one that will move the product from Cushing to Corpus and other ports along the Gulf Coast. Phillips is partnering with Bridger Pipeline LLC to build the Bakken-to-Cushing line and with Plains All American Pipeline (NYSE: PAA) for the Cushing-to-Gulf Coast line.
Houston-based Phillips 66 (NYSE: PSX) is moving forward with two previously proposed pipeline projects costing more than $1 billion each and has formed joint ventures to build them.
Zacks.com featured highlights include: Israel Chemicals, Plains All American Pipeline, Legg Mason, NXP Semiconductors and OFG
Plains All American Pipeline (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced they will webcast their 2019 Investor Day Meeting to be held on the afternoon of Tuesday, June 11, 2019. During the meeting, management will review Plains’ strategic and financial positioning and provide an overview of operational capabilities, key projects and commercial opportunities. Participating in Q&A By Email: If you are participating in the live webcast and would like to submit a question for consideration during the Q&A session, please email your question to InvestorRelations@paalp.com.
Plains All American (PAA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Zacks Analyst Blog Highlights: Chevron, Canadian Natural Resources, Devon Energy, TC Energy and Plains All American Pipeline
We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
Chevron (CVX) moved closer to its goal of pulling out of UK exploration and production, while Canadian Natural Resources (CNQ) decided to solidify its position on its home turf.
Plains All American Pipeline continues capturing expansion opportunities in that fast-growing region.
U.S. energy regulators on Monday partially approved the rate structure and terms of service for Plains All American Pipeline LP's Cactus II crude line from the Permian basin to the Corpus Christi, Texas, area, according to a filing. While regulators approved most conditions put forth by Plains, they declined to approve a request for the option to hold another open season to solicit shipper commitments for up to 90 percent of the pipeline's capacity upon the expiration or early termination of service agreements. The 585,000 barrels-per-day (bpd) Cactus II pipeline is one of several large pipeline projects scheduled to come online this year that connect the Permian basin, the largest oilfield in the United States, to the Gulf Coast.
Plains All American (PAA) gains from its high quality assets and has plans to further expand its operations in Permian Basin.
Delek Logistics enters into Red River Pipeline Joint VentureDelek US increases direct access to Cushing sourced crude oilDelek US provides update on Krotz Springs operations.
Plains All American Pipeline (NYSE: PAA) today announced a capital-efficient expansion and new joint venture of its existing Red River Pipeline system. Delek Logistics Partners, LP (DKL) has purchased from a Plains’ subsidiary a 33% ownership interest in a new Red River Pipeline Company LLC joint venture for $128 million. Plains retained a 67% interest in the joint venture and will continue to operate the Red River system.
Sugar Land-based refiner CVR Energy Inc. (NYSE: CVI) is considering a potential sale of the company or other strategic alternatives and recently sold an asset, according to a May 21 press release. Bank of America Merrill Lynch is serving as financial adviser to assist CVR Energy in evaluating potential strategic alternatives. CVR Energy does not plan to comment on the process until it has more news to share.
Exploring Top Midstream Players' Price Targets in the Wake of Q1(Continued from Prior Part)PAA’s year-to-date performancePlains All American Pipeline (PAA) stock has risen ~18% in 2019, outperforming the Alerian MLP ETF (AMLP), which is up 12%