Pembina Pipeline (TSE:PPL) (NYSE:PBA) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of C$0.56 per share for the quarter.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 25th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.03). The firm had revenue of C$1.69 billion for the quarter.
TSE PPL opened at C$38.53 on Wednesday. The company has a fifty day simple moving average of C$36.93 and a 200 day simple moving average of C$33.82. Pembina Pipeline has a 12-month low of C$26.77 and a 12-month high of C$38.80. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 77.59. The company has a market cap of C$21.19 billion and a P/E ratio of -44.54.
The firm also recently declared a monthly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 23rd will be given a $0.21 dividend. This represents a $2.52 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Thursday, April 22nd. Pembina Pipeline’s payout ratio is currently -291.33%.
Several analysts recently issued reports on the stock. UBS Group reissued a “hold” rating on shares of Pembina Pipeline in a research report on Tuesday, January 5th. Raymond James lifted their price objective on shares of Pembina Pipeline from C$35.00 to C$37.00 and gave the stock a “market perform” rating in a report on Wednesday, March 17th. Credit Suisse Group lifted their price objective on shares of Pembina Pipeline from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. CIBC cut their price target on shares of Pembina Pipeline from C$40.00 to C$39.00 and set a “hold” rating on the stock in a report on Friday, February 26th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Pembina Pipeline in a report on Friday, February 26th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of C$39.13.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.
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