Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Research analysts at Cormark reduced their FY2017 earnings per share estimates for shares of Pembina Pipeline Corp. in a report released on Thursday. Cormark analyst B. Watson now anticipates that the pipeline company will post earnings per share of $1.51 for the year, down from their prior forecast of $1.63. Cormark also issued estimates for Pembina Pipeline Corp.’s Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.55 EPS and FY2018 earnings at $2.21 EPS.

Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, July 21st. AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. Finally, National Bank Financial upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.50.

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Pembina Pipeline Corp. (PBA) opened at 33.60 on Monday. The firm has a market cap of $13.54 billion, a PE ratio of 33.07 and a beta of 0.71. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $34.97. The firm’s 50-day moving average is $33.40 and its 200-day moving average is $32.39.

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 analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS.

The company also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.17 dividend. This represents a dividend yield of 4.85%. The ex-dividend date of this dividend is Wednesday, August 23rd. Pembina Pipeline Corp.’s payout ratio is 161.86%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of Pembina Pipeline Corp. by 1.2% in the first quarter. HighTower Advisors LLC now owns 7,730 shares of the pipeline company’s stock valued at $245,000 after buying an additional 93 shares during the last quarter. Girard Partners LTD. boosted its position in shares of Pembina Pipeline Corp. by 0.8% in the first quarter. Girard Partners LTD. now owns 11,401 shares of the pipeline company’s stock valued at $362,000 after buying an additional 95 shares during the last quarter. Sei Investments Co. boosted its position in shares of Pembina Pipeline Corp. by 0.5% in the second quarter. Sei Investments Co. now owns 24,708 shares of the pipeline company’s stock valued at $818,000 after buying an additional 125 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Pembina Pipeline Corp. by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock valued at $240,000 after buying an additional 128 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its position in shares of Pembina Pipeline Corp. by 2.4% in the first quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company’s stock valued at $228,000 after buying an additional 164 shares during the last quarter. Institutional investors own 46.73% of the company’s stock.

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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