Pembina Pipeline (PBA) Expected to Announce Earnings on Thursday

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL is expected to be issuing its Q4 2024 quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $1.44 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded up $2.51 during midday trading on Friday, hitting $38.86. 3,099,044 shares of the company's stock were exchanged, compared to its average volume of 1,545,615. The company has a market cap of $22.56 billion, a P/E ratio of 16.06 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 stock has a 50-day moving average price of $36.65 and a two-hundred day moving average price of $39.37. Pembina Pipeline has a 52-week low of $33.83 and a 52-week high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is currently 80.58%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PBA. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating for the company. Finally, TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of "Hold" and an average 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.