Pembina Pipeline (PPL) to Release Quarterly Earnings on Thursday

Pembina Pipeline (TSE:PPL) (NYSE:PBA) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.56 per share for the quarter.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, May 2nd. The company reported C$0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.59 by C($0.04). The firm had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$2.09 billion.

Shares of TSE PPL opened at C$47.72 on Wednesday. Pembina Pipeline has a 1 year low of C$39.15 and a 1 year high of C$50.65. The stock has a market capitalization of $24.33 billion and a price-to-earnings ratio of 21.37. The company has a debt-to-equity ratio of 55.61, a quick ratio of 0.50 and a current ratio of 0.60. The stock’s 50-day simple moving average is C$48.97.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, July 24th. This represents a $2.40 dividend on an annualized basis and a yield of 5.03%. Pembina Pipeline’s dividend payout ratio (DPR) is 101.66%.

A number of equities analysts recently commented on PPL shares. CSFB lifted their price target on Pembina Pipeline from C$54.00 to C$58.00 in a research note on Thursday, April 25th. Raymond James reiterated a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a research note on Wednesday, May 15th. Finally, CIBC lifted their price target on Winpak from C$47.00 to C$48.00 in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of C$56.27.

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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Earnings History for Pembina Pipeline (TSE:PPL)

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