Pembina Pipeline Corp (PBA) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.29. The company posted revenue of $1027.00 million in the period, compared to analysts expectations of $1405.96 million. The company’s revenue was down -15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 2016.
Pembina Pipeline Corp opened for trading at $28.61 and hit $29.04 on the upside on Tusday, eventually ending the session at $28.86, with a gain of 1.83% or 0.52 points. The heightened volatility saw the trading volume jump to 2,34,993 shares. Company has a market cap of $11,198 M.
Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines Oil Sands & Heavy Oil Gas Services and Midstream. Conventional Pipelines consists of the tariff-based operations of pipelines and related facilities to deliver crude oil condensate and natural gas liquids (NGL) in Alberta British Columbia Saskatchewan and North Dakota United States. Oil Sands & Heavy Oil consists of the Syncrude Horizon Nipisi and Mitsue Pipelines and the Cheecham Lateral. Gas Services consists of natural gas gathering and processing facilities including approximately 7 gas plants approximately 12 compressor stations and over 375 kilometres of gathering systems. Midstream consists of the Company’s interests in extraction and fractionation facilities terminalling and storage hub services.