Pembina Pipeline (PPL) to Release Quarterly Earnings on Thursday

Pembina Pipeline (TSE:PPL) (NYSE:PBA) will be issuing its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of C$0.62 per share for the quarter.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 2nd. The company reported C$0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.52 by C($0.10). The company had revenue of C$1.95 billion during the quarter, compared to analysts’ expectations of C$1.55 billion. Pembina Pipeline had a return on equity of 6.24% and a net margin of 10.28%.

TSE PPL opened at C$42.74 on Tuesday. Pembina Pipeline has a 12-month low of C$37.60 and a 12-month high of C$47.84.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 25th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, October 24th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.33%.

In other Pembina Pipeline news, insider Cameron Goldade sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$25.96, for a total value of C$51,920.00. Also, Director Henry William Sykes bought 1,200 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 13th. The shares were acquired at an average cost of C$46.52 per share, with a total value of C$55,824.00. In the last ninety days, insiders acquired 2,815 shares of company stock valued at $129,248.

PPL has been the subject of a number of research analyst reports. Raymond James raised their price target on shares of Pembina Pipeline from C$48.00 to C$49.00 in a report on Thursday, July 5th. TD Securities raised their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 in a report on Friday, August 3rd. National Bank Financial raised their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday, August 3rd. Royal Bank of Canada raised their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a report on Friday, August 3rd. Finally, CIBC raised their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 in a report on Tuesday, August 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Pembina Pipeline has an average rating of “Buy” and an average target price of C$53.10.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

Further Reading: What is a bull market?

Earnings History for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply