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

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

Pembina Pipeline Trading Up 1.2%

PBA traded up $0.59 during midday trading on Friday, reaching $48.22. 1,183,320 shares of the company’s stock traded hands, compared to its average volume of 951,274. The firm has a fifty day moving average of $48.02 and a two-hundred day moving average of $46.60. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 22.15 and a beta of 0.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. 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. Investors of record on Tuesday, December 15th will be issued a dividend of C$0.73 per share. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, December 15th. Pembina Pipeline’s payout ratio is currently 88.70%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research report on Wednesday, October 7th. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Canadian Imperial Bank of Commerce downgraded shares of Pembina Pipeline from an “outperform” rating to a “hold” rating in a research note on Thursday, October 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target 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.