Pembina Pipeline Corp (PBA) Expected to Post Earnings of $0.41 Per Share

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%.

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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.

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