Pembina Pipeline (PPL) Set to Announce Quarterly Earnings on Thursday

Pembina Pipeline (TSE:PPL) (NYSE:PBA) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$0.70 per share for the quarter.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.47 billion.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$49.04 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$49.39. The business has a 50-day moving average price of C$47.88 and a 200 day moving average price of C$46.07. The firm has a market cap of C$28.42 billion, a PE ratio of 16.40, a P/E/G ratio of 4.80 and a beta of 1.49.

Analyst Ratings Changes

Several equities analysts recently weighed in on PPL shares. TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. BMO Capital Markets lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. JPMorgan Chase & Co. lifted their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Stifel Nicolaus lifted their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$53.08.

Insider Buying and Selling

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. 0.04% of the stock is currently owned by insiders.

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.