Pembina Pipeline (TSE:PPL) Posts Earnings Results

Pembina Pipeline (TSE:PPL) (NYSE:PBA) posted its quarterly earnings results on Thursday. The company reported C$0.81 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%.

Pembina Pipeline Trading Up 1.1%

Shares of TSE PPL traded up C$0.65 during midday trading on Friday, reaching C$61.97. 250,888 shares of the stock were exchanged, compared to its average volume of 2,398,620. The stock has a 50 day moving average price of C$60.93 and a 200-day moving average price of C$56.65. The company has a current ratio of 0.61, a quick ratio of 0.50 and a debt-to-equity ratio of 82.58. The company has a market capitalization of C$36.03 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.58 and a beta of 0.42. Pembina Pipeline has a 52-week low of C$48.74 and a 52-week high of C$64.27.

Analyst Upgrades and Downgrades

PPL has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from C$60.00 to C$64.00 in a research note on Thursday, April 9th. Barclays boosted their target price on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday, April 8th. Royal Bank Of Canada raised their price target on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce lifted their price target on Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. Finally, BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$62.55.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.