Brokerages Expect Pembina Pipeline Corp. (PBA) Will Post Quarterly Sales of $930.29 Million
Brokerages predict that Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) will report sales of $930.29 million for the current quarter, according to Zacks Investment Research. Two analysts have made 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 in the same quarter last year, which indicates a positive year-over-year growth rate of 25.1%. The firm is scheduled to announce its next quarterly earnings report 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 year, analysts forecast 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 calculations are an average based on a survey of sell-side research firms that follow Pembina Pipeline Corp..
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (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 company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 13.5% on a year-over-year basis.
PBA has been the topic of several research reports. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a 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 target price on the stock in a report on Friday, July 21st. 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 issued a hold rating and eight have assigned a buy rating to the company. Pembina Pipeline Corp. presently has an average rating of “Buy” and an average price target of $43.00.
A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in Pembina Pipeline Corp. by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock valued at $108,000 after buying an additional 520 shares during the last quarter. Linscomb & Williams Inc. acquired a new position in Pembina Pipeline Corp. during the second quarter valued at $116,000. Envestnet Asset Management Inc. increased its position 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 last quarter. San Francisco Sentry Investment Group CA acquired a new position in Pembina Pipeline Corp. during the second quarter valued at $132,000. Finally, Pinebridge Investments L.P. acquired a new position in Pembina Pipeline Corp. during the second quarter valued at $146,000. Institutional investors own 47.29% of the company’s stock.
Shares of Pembina Pipeline Corp. (PBA) opened at 31.92 on Friday. The company’s 50-day moving average price is $33.15 and its 200 day moving average price is $32.48. Pembina Pipeline Corp. has a 12-month low of $27.44 and a 12-month high of $34.97. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 31.67 and a beta of 0.71.
The business also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.17 dividend. This represents a yield of 4.85%. The ex-dividend date is Wednesday, August 23rd. Pembina Pipeline Corp.’s dividend payout ratio is currently 168.04%.
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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