Pembina Pipeline Co. (NYSE:PBA) Expected to Post Earnings of $0.55 Per Share

Wall Street analysts forecast that Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) will report earnings per share of $0.55 for the current quarter, according to Zacks. Zero analysts have made estimates for Pembina Pipeline’s earnings. Pembina Pipeline reported earnings per share of $0.39 in the same quarter last year, which suggests a positive year over year growth rate of 41%. The company is expected to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Pembina Pipeline will report full-year earnings of $2.22 per share for the current year, with EPS estimates ranging from $1.92 to $2.51. For the next fiscal year, analysts expect that the firm will post earnings of $2.36 per share, with EPS estimates ranging from $1.92 to $2.69. Zacks’ EPS averages are an average based on a survey of analysts that cover Pembina Pipeline.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last released its quarterly earnings data on Thursday, February 24th. The pipeline company reported $0.06 earnings per share for the quarter. Pembina Pipeline had a return on equity of 10.00% and a net margin of 13.81%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business posted $0.42 EPS. Pembina Pipeline’s revenue for the quarter was up 52.4% on a year-over-year basis.

A number of research analysts recently issued reports on PBA shares. Scotiabank raised their price objective on shares of Pembina Pipeline from C$47.00 to C$49.00 in a report on Wednesday, March 2nd. Credit Suisse Group raised shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research note on Monday, April 11th. Zacks Investment Research raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Monday, March 14th. StockNews.com began coverage on Pembina Pipeline in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Royal Bank of Canada upped their price target on Pembina Pipeline from C$48.00 to C$49.00 in a research report on Thursday, March 3rd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $44.75.

Institutional investors and hedge funds have recently modified their holdings of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Pembina Pipeline by 309.2% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,810,604 shares of the pipeline company’s stock worth $278,952,000 after purchasing an additional 6,657,610 shares during the period. Mufg Securities Canada LTD. grew its stake in shares of Pembina Pipeline by 1,685.0% in the 4th quarter. Mufg Securities Canada LTD. now owns 5,243,857 shares of the pipeline company’s stock valued at $159,235,000 after buying an additional 4,950,089 shares during the period. Norges Bank acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $124,039,000. Bank of Montreal Can raised its stake in Pembina Pipeline by 14.3% during the 4th quarter. Bank of Montreal Can now owns 22,705,872 shares of the pipeline company’s stock worth $688,731,000 after buying an additional 2,847,666 shares during the period. Finally, Bank of Nova Scotia raised its stake in Pembina Pipeline by 27.5% during the 3rd quarter. Bank of Nova Scotia now owns 10,321,525 shares of the pipeline company’s stock worth $327,121,000 after buying an additional 2,228,823 shares during the period. 53.42% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline stock opened at $39.72 on Friday. The company has a market capitalization of $21.86 billion, a PE ratio of 25.30, a P/E/G ratio of 5.98 and a beta of 1.35. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.86. The stock has a 50-day moving average price of $36.03 and a two-hundred day moving average price of $33.25. Pembina Pipeline has a 12 month low of $28.89 and a 12 month high of $40.08.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 13th. Investors of record on Monday, April 25th will be given a dividend of $0.168 per share. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.17. The ex-dividend date is Friday, April 22nd. This represents a $2.02 annualized dividend and a dividend yield of 5.08%. Pembina Pipeline’s dividend payout ratio is presently 126.75%.

Pembina Pipeline Company Profile (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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