Research Analysts Offer Predictions for Pembina Pipeline Corp.’s Q3 2017 Earnings (PBA)

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Equities researchers at National Bank Financial issued their Q3 2017 earnings per share (EPS) estimates for Pembina Pipeline Corp. in a report issued on Monday. National Bank Financial analyst P. Kenny forecasts that the pipeline company will post earnings per share of $0.22 for the quarter.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $0.25 EPS. The business’s revenue was up 13.5% compared to the same quarter last year.

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Other equities research analysts have also recently issued research reports about the company. BidaskClub raised Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Friday, July 21st. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $43.00.

Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 32.86 on Thursday. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $35.63. The company has a market cap of $13.24 billion, a P/E ratio of 31.21 and a beta of 0.73. The firm has a 50-day moving average price of $34.10 and a 200-day moving average price of $33.02.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.144 per share. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.73 annualized dividend and a yield of 5.26%. Pembina Pipeline Corp.’s payout ratio is presently 168.04%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Girard Partners LTD. increased its position in Pembina Pipeline Corp. by 0.9% during the 2nd quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock worth $381,000 after purchasing an additional 97 shares during the period. Fiera Capital Corp boosted its stake in shares of Pembina Pipeline Corp. by 21.4% during the 2nd quarter. Fiera Capital Corp now owns 1,884,414 shares of the pipeline company’s stock worth $62,606,000 after acquiring an additional 332,531 shares in the last quarter. Bank of Nova Scotia lifted its stake in Pembina Pipeline Corp. by 0.8% in the 2nd quarter. Bank of Nova Scotia now owns 1,685,920 shares of the pipeline company’s stock valued at $55,842,000 after buying an additional 13,345 shares in the last quarter. Aviva PLC lifted its stake in Pembina Pipeline Corp. by 1.7% in the 2nd quarter. Aviva PLC now owns 248,929 shares of the pipeline company’s stock valued at $8,233,000 after buying an additional 4,210 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Pembina Pipeline Corp. by 111.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,453 shares of the pipeline company’s stock valued at $320,000 after buying an additional 3,933 shares in the last quarter. Institutional investors own 49.84% of the company’s stock.

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.

Earnings History and Estimates for Pembina Pipeline Corp. (NYSE:PBA)

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