Pembina Pipeline (TSE:PPL) Posts Earnings Results

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

Pembina Pipeline Stock Down 1.7%

Shares of PPL stock traded down C$1.17 during mid-day trading on Thursday, hitting C$66.84. The stock had a trading volume of 2,743,323 shares, compared to its average volume of 2,443,963. Pembina Pipeline has a 12-month low of C$50.15 and a 12-month high of C$72.72. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. The firm’s 50-day moving average is C$67.41 and its two-hundred day moving average is C$64.69. The firm has a market capitalization of C$38.87 billion, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PPL shares. ATB Cormark Capital Markets lifted their price objective on shares of Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. BMO Capital Markets boosted their price objective on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. TD upped their target price on shares of Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. Finally, Barclays raised their target price on shares of Pembina Pipeline from C$69.00 to C$70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus 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.