Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Equities researchers at National Bank Financial issued their Q3 2017 EPS estimates for Pembina Pipeline Corp. in a research report issued on Monday. National Bank Financial analyst P. Kenny forecasts that the pipeline company will earn $0.22 per share for the quarter.
A number of other research analysts also recently issued reports on PBA. BidaskClub downgraded Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, AltaCorp Capital raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Pembina Pipeline Corp. has a consensus rating of “Buy” and an average price target of $43.00.
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Shares of Pembina Pipeline Corp. (NYSE PBA) opened at 33.33 on Thursday. The stock’s 50 day moving average price is $34.08 and its 200 day moving average price is $33.01. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 31.65 and a beta of 0.73. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $35.63.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.08). Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.60%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year.
A number of hedge funds have recently bought and sold shares of the business. Jarislowsky Fraser Ltd lifted its holdings in Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after acquiring an additional 1,118,498 shares during the period. Bank of Montreal Can lifted its holdings in Pembina Pipeline Corp. by 13.9% in the second quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock valued at $403,051,000 after acquiring an additional 1,488,648 shares during the period. Vanguard Group Inc. lifted its holdings in Pembina Pipeline Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 9,944,566 shares of the pipeline company’s stock valued at $329,364,000 after acquiring an additional 465,249 shares during the period. CIBC World Markets Inc. lifted its holdings in Pembina Pipeline Corp. by 2.9% in the second quarter. CIBC World Markets Inc. now owns 6,546,034 shares of the pipeline company’s stock valued at $216,805,000 after acquiring an additional 186,547 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in Pembina Pipeline Corp. by 0.5% in the second quarter. TD Asset Management Inc. now owns 5,619,175 shares of the pipeline company’s stock valued at $185,835,000 after acquiring an additional 29,382 shares during the period. 49.84% of the stock is currently owned by institutional investors.
The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be issued a $0.144 dividend. This is an increase from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.73 dividend on an annualized basis and a yield of 5.18%. Pembina Pipeline Corp.’s dividend payout ratio is currently 168.04%.
Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment 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.
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