Pembina Pipeline (TSE:PPL) Announces Earnings Results

Pembina Pipeline (TSE:PPL) (NYSE:PBA) posted its quarterly earnings results on Thursday. The company reported C$0.77 earnings per share (EPS) for the quarter, FiscalAI reports. Pembina Pipeline had a net margin of 22.64% and a return on equity of 10.54%. The company had revenue of C$2.18 billion during the quarter.

Pembina Pipeline Stock Down 1.7%

Pembina Pipeline stock opened at C$66.84 on Friday. Pembina Pipeline has a 52 week low of C$50.15 and a 52 week high of C$72.72. The firm has a market cap of C$38.87 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The business’s 50-day moving average price is C$67.41 and its 200 day moving average price is C$64.69. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 80.92.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PPL shares. Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price objective for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce cut shares of Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 target price for the company. in a report on Thursday, October 22nd. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. ATB Cormark Capital Markets boosted their target price on shares of Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Finally, BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$69.64.

Pembina Pipeline Company Profile

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.