Pembina Pipeline (PPL) Set to Announce Earnings on Tuesday

Pembina Pipeline (TSE:PPL) (NYSE:PBA) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.79 per share for the quarter.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The firm had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$58.07 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The company has a market capitalization of C$33.69 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$42.92 and a twelve month high of C$59.86. The business has a 50 day simple moving average of C$56.56 and a 200-day simple moving average of C$52.76.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, September 16th. This represents a $2.76 annualized dividend and a yield of 4.75%. Pembina Pipeline’s payout ratio is 84.66%.

Analyst Upgrades and Downgrades

PPL has been the subject of several research reports. National Bankshares lifted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Citigroup upped their target price on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. UBS Group raised Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group increased their target price on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.29.

Insider Activity at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Company insiders own 0.05% of the company’s stock.

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.