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

Pembina Pipeline (NYSE:PBA) (TSE:PPL) released its quarterly earnings results 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. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the business earned $0.43 EPS. The company’s revenue was up 21.7% compared to the same quarter last year.

Pembina Pipeline Stock Up 1.2%

Shares of PBA traded up $0.59 during mid-day trading on Friday, hitting $48.22. 1,183,320 shares of the company traded hands, compared to its average volume of 934,380. Pembina Pipeline has a 1-year low of $36.20 and a 1-year high of $51.58. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $28.04 billion, a PE ratio of 20.17 and a beta of 0.59. The business has a 50 day moving average of $48.02 and a 200 day moving average of $46.60.

Pembina Pipeline Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research note on Wednesday, October 7th. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday, October 14th. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Friday, October 16th. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce downgraded Pembina Pipeline from an “outperform” rating to a “hold” rating in a research report on Thursday, October 22nd. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus 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.