Pembina Pipeline (PBA) Posts Quarterly Earnings Results, Beats Estimates By $0.41 EPS

Pembina Pipeline (NYSE:PBA) (TSE:PPL) announced its earnings results on Thursday. The pipeline company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.41, reports. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.96 billion. Pembina Pipeline had a net margin of 11.66% and a return on equity of 8.36%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 earnings per share.

Pembina Pipeline (PBA) traded up $1.35 during midday trading on Friday, reaching $33.66. 360,820 shares of the company’s stock were exchanged, compared to its average volume of 553,497. Pembina Pipeline has a 12-month low of $30.17 and a 12-month high of $36.99. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. The company has a market cap of $16,250.00, a P/E ratio of 34.00 and a beta of 0.66.

The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Sunday, February 25th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio (DPR) is 174.75%.

Several brokerages have recently weighed in on PBA. Zacks Investment Research upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie downgraded shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Pembina Pipeline currently has a consensus rating of “Hold” and an average price target of $39.00.

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About Pembina Pipeline

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Earnings History for Pembina Pipeline (NYSE:PBA)

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