National Bank Financial Weighs in on Pembina Pipeline Corp.’s Q3 2017 Earnings (PBA)

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.

Earnings History and Estimates for Pembina Pipeline Corp. (NYSE:PBA)

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