Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a nov 19 dividend on Friday, November 8th, RTT News reports. Investors of record on Monday, November 25th will be paid a dividend of 0.20 per share by the pipeline company on Friday, December 13th.
Pembina Pipeline stock traded up $0.14 during mid-day trading on Friday, reaching $35.57. 865,681 shares of the company’s stock were exchanged, compared to its average volume of 632,704. The business’s fifty day simple moving average is $36.02 and its 200 day simple moving average is $36.50. The firm has a market capitalization of $18.13 billion, a PE ratio of 20.10, a P/E/G ratio of 3.42 and a beta of 0.73. Pembina Pipeline has a one year low of $28.30 and a one year high of $38.56. The company has a quick ratio of 0.62, a current ratio of 0.90 and a debt-to-equity ratio of 0.67.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.07. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. Pembina Pipeline had a return on equity of 14.01% and a net margin of 23.79%. Pembina Pipeline’s quarterly revenue was down 16.9% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. On average, sell-side analysts forecast that Pembina Pipeline will post 2.07 earnings per share for the current year.
A number of brokerages recently commented on PBA. Credit Suisse Group set a $58.00 price target on Pembina Pipeline and gave the stock a “buy” rating in a report on Monday, October 21st. CIBC reiterated a “buy” rating on shares of Pembina Pipeline in a report on Monday. ValuEngine upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $49.00.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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