Pembina Pipeline (NYSE:PBA) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Pembina Pipeline (NYSE:PBA) (TSE:PPL) issued its quarterly earnings results on Thursday. The pipeline company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11, Zacks reports. Pembina Pipeline had a net margin of 24.77% and a return on equity of 12.62%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $0.43 EPS. Pembina Pipeline’s revenue was up 21.7% on a year-over-year basis.

Pembina Pipeline Trading Up 1.2%

Pembina Pipeline stock traded up $0.59 during midday trading on Friday, hitting $48.22. 1,183,320 shares of the stock were exchanged, compared to its average volume of 951,274. The stock has a market capitalization of $28.04 billion, a PE ratio of 22.15 and a beta of 0.59. The company has a fifty day simple moving average of $48.02 and a two-hundred day simple moving average of $46.60. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a dividend of C$0.73 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.94 annualized dividend and a yield of 6.1%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.70%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PBA shares. Canadian Imperial Bank of Commerce lowered shares of Pembina Pipeline from an “outperform” rating to a “hold” rating in a report on Thursday, October 22nd. Weiss Ratings cut shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 22nd. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, October 14th. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research report on Friday, October 16th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses.

The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.

Pembina’s assets and services are concentrated in Western Canada, with additional operations and market connections in the United States.