$930.29 Million in Sales Expected for Pembina Pipeline Corp. (PBA) This Quarter
Equities research analysts expect Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) to report sales of $930.29 million for the current quarter, according to Zacks. Two analysts have issued estimates for Pembina Pipeline Corp.’s earnings, with estimates ranging from $763.78 million to $1.10 billion. Pembina Pipeline Corp. reported sales of $743.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 25.1%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Pembina Pipeline Corp. will report full-year sales of $930.29 million for the current year, with estimates ranging from $4.45 billion to $4.87 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.69 billion per share, with estimates ranging from $5.63 billion to $7.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Pembina Pipeline Corp..
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm posted $0.25 earnings per share. Pembina Pipeline Corp.’s revenue was up 13.5% compared to the same quarter last year.
PBA has been the topic of several research reports. BidaskClub raised Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Pembina Pipeline Corp. presently has a consensus rating of “Buy” and a consensus price target of $43.00.
Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 32.86 on Friday. The company has a market capitalization of $13.24 billion, a PE ratio of 31.21 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. The firm has a 50-day moving average of $34.10 and a 200 day moving average of $33.02.
The company also recently declared a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.144 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Tuesday, October 24th. This is a positive change from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. Pembina Pipeline Corp.’s dividend payout ratio is 168.04%.
A number of large investors have recently added to or reduced their stakes in PBA. Linscomb & Williams Inc. acquired a new position in Pembina Pipeline Corp. in the second quarter valued at about $116,000. Envestnet Asset Management Inc. lifted its stake in Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock valued at $120,000 after buying an additional 335 shares during the period. San Francisco Sentry Investment Group CA acquired a new position in Pembina Pipeline Corp. in the second quarter valued at about $132,000. Pinebridge Investments L.P. acquired a new position in Pembina Pipeline Corp. in the second quarter valued at about $146,000. Finally, HPM Partners LLC lifted its stake in Pembina Pipeline Corp. by 213.5% in the second quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock valued at $177,000 after buying an additional 48,910 shares during the period. 49.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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