Pembina Pipeline (PPL) to Release Earnings on Thursday

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

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion.

Pembina Pipeline Trading Up 0.8 %

TSE:PPL opened at C$49.45 on Wednesday. The stock’s 50-day moving average is C$47.93 and its two-hundred day moving average is C$46.12. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The stock has a market cap of C$28.66 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 4.80 and a beta of 1.49. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$49.50.

Insider Activity

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

Analyst Ratings Changes

PPL has been the topic of several research reports. Wells Fargo & Company upped their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. JPMorgan Chase & Co. upped their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Citigroup increased their price objective on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. TD Securities boosted their target price 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. Finally, Stifel Nicolaus upped their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of C$53.08.

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.