Brokerages predict that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will post $0.41 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pembina Pipeline’s earnings. The lowest EPS estimate is $0.36 and the highest is $0.52. Pembina Pipeline posted earnings of $0.22 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 86.4%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Pembina Pipeline will report full-year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $1.12 to $1.32. For the next fiscal year, analysts forecast that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.53 to $2.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Pembina Pipeline.
Several research analysts recently issued reports on PBA shares. Zacks Investment Research downgraded Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $39.00.
Institutional investors have recently modified their holdings of the stock. SWS Partners acquired a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $100,000. Icon Wealth Partners LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $103,000. SeaCrest Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $115,000. Tower Research Capital LLC TRC raised its position in shares of Pembina Pipeline by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the pipeline company’s stock worth $144,000 after purchasing an additional 1,755 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $200,000. Hedge funds and other institutional investors own 47.19% of the company’s stock.
Shares of Pembina Pipeline (PBA) traded down $0.08 during trading hours on Wednesday, hitting $32.58. The stock had a trading volume of 581,209 shares, compared to its average volume of 541,492. The stock has a market cap of $16,430.00, a price-to-earnings ratio of 32.91 and a beta of 0.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60. Pembina Pipeline has a fifty-two week low of $30.17 and a fifty-two week high of $36.99.
The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Sunday, February 25th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, February 22nd. This represents a dividend yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio is currently 174.75%.
About Pembina Pipeline
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.