Pembina Pipeline (PPL) Scheduled to Post Earnings on Thursday

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Pembina Pipeline (TSE:PPL) (NYSE:PBA) will be posting its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Pembina Pipeline to post earnings of C$0.61 per share for the quarter.

PPL stock opened at C$47.66 on Thursday. Pembina Pipeline has a 1 year low of C$37.60 and a 1 year high of C$47.84. The stock has a market capitalization of $23.91 billion and a P/E ratio of 19.55. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 53.72.

The business also recently declared a monthly dividend, which will be paid on Friday, March 15th. Investors of record on Monday, February 25th will be paid a $0.19 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Friday, February 22nd. Pembina Pipeline’s payout ratio is currently 90.65%.

A number of equities analysts recently issued reports on the stock. Raymond James increased their price target on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 6th. CIBC decreased their price target on shares of Pembina Pipeline from C$52.00 to C$51.00 in a research note on Wednesday, October 24th. CSFB raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating and increased their price target for the stock from C$46.00 to C$54.00 in a research note on Friday, November 16th. Canaccord Genuity increased their price target on shares of Pembina Pipeline from C$52.00 to C$58.00 in a research note on Monday, November 5th. Finally, BMO Capital Markets decreased their price target on shares of Pembina Pipeline from C$54.00 to C$53.00 in a research note on Tuesday, December 11th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$54.46.

In other Pembina Pipeline news, Director Bruce D. Rubin acquired 4,000 shares of the business’s stock in a transaction on Monday, November 19th. The shares were acquired at an average price of C$34.03 per share, for a total transaction of C$136,120.00.

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About Pembina Pipeline

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 company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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Earnings History for Pembina Pipeline (TSE:PPL)

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