Pembina Pipeline (TSE:PPL) Announces Quarterly Earnings Results

Pembina Pipeline (TSE:PPL) (NYSE:PBA) announced its quarterly earnings results on Thursday. The company reported C$0.77 EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.18 billion for the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%.

Pembina Pipeline Trading Up 2.0%

Shares of TSE:PPL traded up C$1.32 during midday trading on Friday, reaching C$68.16. The company’s stock had a trading volume of 2,604,458 shares, compared to its average volume of 2,444,713. Pembina Pipeline has a fifty-two week low of C$50.15 and a fifty-two week high of C$72.72. The company has a debt-to-equity ratio of 80.92, a quick ratio of 0.50 and a current ratio of 0.62. The firm has a 50 day moving average price of C$67.43 and a two-hundred day moving average price of C$64.77. The firm has a market capitalization of C$39.64 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.58 and a beta of 0.42.

Analyst Upgrades and Downgrades

PPL has been the subject of several recent research reports. Canadian Imperial Bank of Commerce downgraded Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective for the company. in a research note on Thursday, October 22nd. TD boosted their target price on shares of Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and raised their price target for the company from C$69.00 to C$73.00 in a research note on Tuesday, July 21st. Finally, ATB Cormark Capital Markets increased their price objective on Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus price target of C$69.64.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.