Pembina Pipeline (NYSE:PBA) (TSE:PPL) released its quarterly earnings data on Thursday. The pipeline company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.13, Briefing.com reports. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.64 billion. Pembina Pipeline had a net margin of 17.40% and a return on equity of 10.09%. The company’s revenue was up 95.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share.
Shares of Pembina Pipeline stock traded up $0.11 on Friday, reaching $33.07. The stock had a trading volume of 727,169 shares, compared to its average volume of 504,937. Pembina Pipeline has a 1 year low of $29.28 and a 1 year high of $36.99. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.14 and a beta of 0.66. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 0.60.
The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 25th will be issued a $0.1472 dividend. This represents a $1.77 dividend on an annualized basis and a dividend yield of 5.34%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 24th. Pembina Pipeline’s dividend payout ratio is presently 133.08%.
Several equities research analysts have commented on the stock. CIBC reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Friday. National Bank Financial reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Friday. ValuEngine raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Finally, Zacks Investment Research downgraded shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $40.00.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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