Pembina Pipeline (PBA) Scheduled to Post Quarterly Earnings on Thursday

Pembina Pipeline (NYSE:PBA) (TSE:PPL) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Pembina Pipeline to post earnings of $0.52 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. On average, analysts expect Pembina Pipeline to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Pembina Pipeline Stock Performance

NYSE PBA opened at $35.89 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $20.80 billion, a P/E ratio of 16.24, a P/E/G ratio of 5.28 and a beta of 1.20. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $36.17. The firm has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $33.98.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.4944 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.51%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s payout ratio is currently 89.14%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PBA. CIBC boosted their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

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.