Analysts Expect Pembina Pipeline Corp. (PBA) Will Post Quarterly Sales of $930.29 Million
Brokerages forecast that Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) will post $930.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pembina Pipeline Corp.’s earnings, with the lowest sales estimate coming in at $763.78 million and the highest estimate coming in at $1.10 billion. Pembina Pipeline Corp. reported sales of $743.79 million during the same quarter last year, which indicates a positive year over year growth rate of 25.1%. The firm is scheduled to report its next earnings results on Thursday, November 2nd.
On average, analysts expect that Pembina Pipeline Corp. will report full-year sales of $930.29 million for the current year, with estimates ranging from $4.59 billion to $4.98 billion. For the next financial year, analysts expect that the firm will post sales of $6.70 billion per share, with estimates ranging from $5.61 billion to $7.41 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Pembina Pipeline Corp..
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the business posted $0.25 earnings per share. The firm’s quarterly revenue was up 13.5% on a year-over-year basis.
A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Friday, July 21st. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $43.00.
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Pembina Pipeline Corp. (NYSE:PBA) opened at 34.13 on Friday. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $34.97. The company has a market capitalization of $13.75 billion, a price-to-earnings ratio of 33.36 and a beta of 0.72. The firm has a 50 day moving average of $32.71 and a 200-day moving average of $32.58.
The company also recently declared a monthly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, September 25th will be paid a $0.139 dividend. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.13. The ex-dividend date is Friday, September 22nd. This represents a $1.67 dividend on an annualized basis and a yield of 4.89%. Pembina Pipeline Corp.’s payout ratio is presently 168.04%.
A number of institutional investors have recently made changes to their positions in PBA. Van ECK Associates Corp boosted its stake in Pembina Pipeline Corp. by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 520 shares in the last quarter. Linscomb & Williams Inc. bought a new position in Pembina Pipeline Corp. in the 2nd quarter worth about $116,000. Envestnet Asset Management Inc. boosted its stake in Pembina Pipeline Corp. by 9.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock worth $120,000 after purchasing an additional 335 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in Pembina Pipeline Corp. in the 2nd quarter worth about $132,000. Finally, Pinebridge Investments L.P. bought a new position in Pembina Pipeline Corp. in the 2nd quarter worth about $146,000. Institutional investors own 49.96% of the company’s stock.
About Pembina Pipeline Corp.
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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