Pembina Pipeline (NYSE:PBA) Releases Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Pembina Pipeline (NYSE:PBA) (TSE:PPL) released its quarterly earnings data on Thursday. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14), Zacks reports. The firm had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share.

Pembina Pipeline Price Performance

Shares of PBA traded down $1.05 on Friday, hitting $37.12. The company’s stock had a trading volume of 2,197,973 shares, compared to its average volume of 1,350,531. The company has a market capitalization of $21.57 billion, a PE ratio of 17.43 and a beta of 0.75. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a 50 day moving average price of $38.88 and a 200 day moving average price of $37.93.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.71 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.7%. Pembina Pipeline’s payout ratio is 103.00%.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently bought and sold shares of PBA. State of Wyoming acquired a new position in Pembina Pipeline in the second quarter worth $58,000. Headlands Technologies LLC bought a new position in shares of Pembina Pipeline in the second quarter valued at about $104,000. Marshall Wace LLP acquired a new position in Pembina Pipeline during the 2nd quarter worth about $253,000. Focus Partners Wealth bought a new stake in Pembina Pipeline during the 1st quarter worth about $312,000. Finally, AQR Capital Management LLC acquired a new stake in Pembina Pipeline in the 1st quarter valued at about $374,000. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on PBA shares. Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wells Fargo & Company lowered Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Pembina Pipeline in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.