Pembina Pipeline (NYSE:PBA) Issues Earnings Results

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

Pembina Pipeline Trading Down 1.0 %

Shares of NYSE PBA traded down $0.38 during midday trading on Monday, reaching $38.49. 1,788,830 shares of the stock were exchanged, compared to its average volume of 1,095,502. The stock has a market capitalization of $22.35 billion, a P/E 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 company has a 50 day simple moving average of $36.70 and a 200 day simple moving average of $39.40. Pembina Pipeline has a twelve month low of $33.83 and a twelve month high of $43.44.

Pembina Pipeline Cuts Dividend

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

Analyst Ratings Changes

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

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.