Pembina Pipeline (TSE:PPL) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Pembina Pipeline (TSE:PPL) (NYSE:PBA) issued its earnings results on Tuesday. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19), reports. The company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Pembina Pipeline Stock Performance

PPL traded up C$0.19 during trading on Friday, reaching C$57.32. 50,915 shares of the company’s stock were exchanged, compared to its average volume of 2,709,285. Pembina Pipeline has a 1 year low of C$43.37 and a 1 year high of C$59.86. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The stock has a market capitalization of C$33.26 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s fifty day simple moving average is C$56.79 and its 200-day simple moving average is C$53.02.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PPL shares. CIBC raised their price target on Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. BMO Capital Markets upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “outperform” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Finally, Citigroup increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of C$58.29.

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.