Pembina Pipeline (NYSE:PBA) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• Pembina Pipeline reported EPS of $0.55, beating estimates of $0.44 by $0.11; revenue of $1.53 billion also topped expectations of $1.41 billion and rose 21.7% year over year.
• The company declared a quarterly dividend of C$0.73 per share, equivalent to an annualized yield of about 6.1%.
• Analysts’ consensus rating was Moderate Buy, with an average price target of $64; shares rose 1.2% to $48.22 in Friday trading.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL announced its quarterly earnings data on Thursday. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.11, Zacks reports. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.41 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. Pembina Pipeline's revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share.

Pembina Pipeline Stock Up 1.2%

NYSE:PBA traded up $0.59 during trading hours on Friday, reaching $48.22. The company's stock had a trading volume of 1,183,320 shares, compared to its average volume of 934,380. The stock has a 50 day moving average price of $48.02 and a two-hundred day moving average price of $46.60. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. The company has a market capitalization of $28.04 billion, a P/E ratio of 20.17 and a beta of 0.59. Pembina Pipeline has a 12 month low of $36.20 and a 12 month high of $51.58.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be paid a C$0.73 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. Pembina Pipeline's payout ratio is 88.70%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings cut Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 22nd. Scotiabank lowered Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, July 20th. TD Securities restated a "buy" rating on shares of Pembina Pipeline in a report on Friday, October 16th. Canadian Imperial Bank of Commerce lowered shares of Pembina Pipeline from an "outperform" rating to a "hold" rating in a research note on Thursday, October 22nd. Finally, Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $64.00.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses.

The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.

Pembina's assets and services are concentrated in Western Canada, with additional operations and market connections in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.