$0.14 EPS Expected for Petroleo Brasileiro SA Petrobras (ADR) (PBR); Driehaus Capital Management Trimmed By $2.74 Million Its Plains All Amer Pipeline LP (PAA) Holding

August 1, 2017 - By Dolores Ford

Driehaus Capital Management Llc decreased Plains All Amer Pipeline Lp (PAA) stake by 42.11% reported in 2016Q4 SEC filing. Driehaus Capital Management Llc sold 85,739 shares as Plains All Amer Pipeline Lp (PAA)’s stock declined 10.37%. The Driehaus Capital Management Llc holds 117,885 shares with $3.81M value, down from 203,624 last quarter. Plains All Amer Pipeline Lp now has $19.10B valuation. The stock declined 0.04% or $0.01 reaching $26.36 per share. About shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since August 1, 2016 and is uptrending. It has underperformed by 5.20% the S&P500.

Analysts expect Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to report $0.14 EPS on August, 11.They anticipate $0.02 EPS change or 16.67% from last quarter’s $0.12 EPS. PBR’s profit would be $900.61 million giving it 15.71 P/E if the $0.14 EPS is correct. After having $0.22 EPS previously, Petroleo Brasileiro SA Petrobras (ADR)’s analysts see -36.36% EPS growth. About 4,820 shares traded. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 39.56% since August 1, 2016 and is uptrending. It has outperformed by 22.86% the S&P500.

Among 28 analysts covering Plains All American Pipeline LP (NYSE:PAA), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. Plains All American Pipeline LP had 70 analyst reports since August 6, 2015 according to SRatingsIntel. Oppenheimer downgraded the stock to “Perform” rating in Monday, December 21 report. Goldman Sachs downgraded the shares of PAA in report on Thursday, August 6 to “Neutral” rating. Stifel Nicolaus downgraded the shares of PAA in report on Thursday, November 5 to “Hold” rating. The rating was initiated by Howard Weil with “Sector Outperform” on Monday, August 24. The rating was maintained by Scotia Capital on Friday, April 28 with “Buy”. The firm has “Hold” rating given on Wednesday, May 10 by Stifel Nicolaus. FBR Capital initiated it with “Mkt Perform” rating and $30 target in Friday, September 9 report. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, January 18. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, August 6. Mizuho initiated it with “Neutral” rating and $34 target in Monday, January 30 report.

Investors sentiment decreased to 0.84 in Q4 2016. Its down 0.50, from 1.34 in 2016Q3. It worsened, as 39 investors sold PAA shares while 135 reduced holdings. 45 funds opened positions while 102 raised stakes. 282.62 million shares or 3.33% more from 273.52 million shares in 2016Q3 were reported. Tortoise Mgmt Limited Liability Corp has 0.01% invested in Plains All American Pipeline, L.P. (NYSE:PAA) for 600 shares. Delta Asset Management Ltd Tn stated it has 0% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA). Lucas Cap Mgmt invested 1.27% in Plains All American Pipeline, L.P. (NYSE:PAA). Huntington Steele Ltd holds 87,184 shares or 0.94% of its portfolio. Rothschild Il owns 95,275 shares. Lpl Fincl Limited Co reported 0.02% in Plains All American Pipeline, L.P. (NYSE:PAA). Winslow Evans And Crocker has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Moreover, Strategy Asset Managers Ltd Limited Liability Company has 0.05% invested in Plains All American Pipeline, L.P. (NYSE:PAA). First Eagle Inv Mgmt Limited Liability Corp holds 0.08% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 1.01M shares. Commerce Fincl Bank invested in 9,874 shares. Wells Fargo Mn accumulated 0.04% or 3.61M shares. Ingalls & Snyder Ltd Llc reported 7,438 shares or 0.01% of all its holdings. 318,164 are held by Fincl Bank Of Mellon. M&R Capital Mgmt reported 0.17% in Plains All American Pipeline, L.P. (NYSE:PAA). Warren Averett Asset Limited Liability Company owns 8,806 shares or 0.11% of their US portfolio.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 7 after the close. They expect $0.25 EPS, up 225.00% or $0.45 from last year’s $-0.2 per share. PAA’s profit will be $181.15M for 26.36 P/E if the $0.25 EPS becomes a reality. After $0.27 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -7.41% negative EPS growth.

Driehaus Capital Management Llc increased Del Taco Restaurants Inc stake by 372,801 shares to 646,948 valued at $9.14 million in 2016Q4. It also upped Qts Realty Trust Inc (NYSE:QTS) stake by 42,295 shares and now owns 110,752 shares. Scotts Miracle (NYSE:SMG) was raised too.