Pembina Pipeline (TSE:PPL) Releases Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Pembina Pipeline (TSE:PPL) (NYSE:PBA) announced its quarterly earnings results on Tuesday. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19), reports. The company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

Pembina Pipeline Trading Down 3.3 %

Shares of PPL opened at C$56.57 on Thursday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a 52-week low of C$43.37 and a 52-week high of C$59.86. The firm has a market cap of C$32.82 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.58 and a beta of 1.48. The business’s fifty day moving average is C$56.79 and its 200-day moving average is C$53.02.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

Analyst Ratings Changes

Several research firms have recently commented on PPL. BMO Capital Markets upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. UBS Group raised Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. boosted their target price on shares of 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, Citigroup raised their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$58.29.

Insider Activity at Pembina Pipeline

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

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.