Pembina Pipeline (NYSE:PBA) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL posted its quarterly earnings data on Thursday. The pipeline company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07, Zacks reports. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.44 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%.

Pembina Pipeline Stock Performance

NYSE PBA traded down $0.38 during trading on Monday, hitting $38.49. 1,788,830 shares of the company's stock traded hands, compared to its average volume of 1,095,502. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 15.90 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The business has a 50 day moving average of $36.70 and a 200-day moving average of $39.40. Pembina Pipeline has a 12-month low of $33.83 and a 12-month high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.30%.

Analyst Ratings Changes

A number of research firms have recently commented on PBA. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Barclays initiated coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating for the company. Finally, TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $56.50.

Pembina Pipeline Company Profile

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.