Pembina Pipeline (TSE:PPL) Announces Quarterly Earnings Results

Pembina Pipeline (TSE:PPL) (NYSE:PBA) issued its quarterly earnings data on Thursday. The company reported C$0.81 EPS for the quarter, FiscalAI reports. The company had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%.

Pembina Pipeline Stock Up 2.1%

Pembina Pipeline stock opened at C$62.58 on Friday. Pembina Pipeline has a 1-year low of C$48.74 and a 1-year high of C$64.27. The business has a fifty day moving average price of C$60.93 and a 200-day moving average price of C$56.65. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50. The stock has a market capitalization of C$36.38 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.58 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PPL shares. National Bank Financial lifted their price target on Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Royal Bank Of Canada raised their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. ATB Cormark Capital Markets lifted their target price on Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Jefferies Financial Group boosted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research report on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$62.55.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.