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

Pembina Pipeline (TSE:PPL) (NYSE:PBA) will be announcing 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 earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.46. The company had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%.

Pembina Pipeline Stock Up 1.0 %

Shares of TSE:PPL opened at C$49.04 on Tuesday. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$49.39. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. The firm has a market cap of C$28.42 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 4.80 and a beta of 1.49. The company has a fifty day simple moving average of C$47.88 and a 200 day simple moving average of C$46.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PPL. Jefferies Financial Group upped their target price on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. increased their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Stifel Nicolaus boosted their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, April 19th. Wells Fargo & Company raised their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, TD Securities lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$53.08.

Insider Buying and Selling

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other Pembina Pipeline news, Director Henry William Sykes purchased 1,984 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, with a total value of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Corporate insiders own 0.04% of the company’s stock.

Pembina Pipeline Company Profile

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.