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

Pembina Pipeline (NYSE:PBA) (TSE:PPL) issued its quarterly earnings data on Thursday. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11, Zacks reports. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. Pembina Pipeline had a return on equity of 12.62% and a net margin of 24.77%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 earnings per share.

Pembina Pipeline Stock Up 1.2%

Pembina Pipeline stock traded up $0.59 during midday trading on Friday, reaching $48.22. The company’s stock had a trading volume of 1,183,320 shares, compared to its average volume of 951,274. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The stock has a market capitalization of $28.04 billion, a P/E ratio of 22.15 and a beta of 0.59. The stock’s 50-day simple moving average is $48.02 and its 200-day simple moving average is $46.60. Pembina Pipeline has a 52-week low of $36.20 and a 52-week high of $51.58.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a C$0.73 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. Pembina Pipeline’s dividend payout ratio (DPR) is 88.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on PBA. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a research report on Friday, October 16th. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research note on Wednesday, October 7th. Weiss Ratings lowered shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 22nd. Finally, Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday, October 14th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of $64.00.

About Pembina Pipeline

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.