Pembina Pipeline (PBA) Set to Announce Earnings on Thursday

Pembina Pipeline (NYSE:PBA) (TSE:PPL) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Pembina Pipeline to post earnings of $0.52 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. On average, analysts expect Pembina Pipeline to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pembina Pipeline Trading Up 0.4 %

Pembina Pipeline stock opened at $36.03 on Wednesday. The business’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $34.02. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $36.17. The firm has a market capitalization of $20.88 billion, a PE ratio of 16.30, a PEG ratio of 5.28 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.4944 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend was Thursday, March 14th. Pembina Pipeline’s payout ratio is currently 89.14%.

Analysts Set New Price Targets

PBA has been the topic of several research analyst reports. CIBC raised their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Finally, StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.