Brokerages forecast that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will report earnings per share of $0.42 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Pembina Pipeline’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.36. Pembina Pipeline posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 90.9%. The business is scheduled to issue its next quarterly earnings results 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 year, with EPS estimates ranging from $1.12 to $1.32. For the next fiscal year, analysts forecast that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.53 to $2.07. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Pembina Pipeline.

PBA has been the topic of a number of analyst reports. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.00.

Several hedge funds have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. lifted its position in shares of Pembina Pipeline by 5.7% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 4,746,206 shares of the pipeline company’s stock valued at $166,531,000 after acquiring an additional 256,973 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth approximately $213,000. Neuberger Berman Group LLC raised its position in shares of Pembina Pipeline by 17.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 145,109 shares of the pipeline company’s stock worth $5,093,000 after purchasing an additional 21,170 shares during the last quarter. Guardian Capital Advisors LP raised its position in shares of Pembina Pipeline by 121.3% during the 3rd quarter. Guardian Capital Advisors LP now owns 216,563 shares of the pipeline company’s stock worth $8,970,000 after purchasing an additional 118,719 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Pembina Pipeline by 40.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 565,820 shares of the pipeline company’s stock worth $19,870,000 after purchasing an additional 161,893 shares during the last quarter. Institutional investors own 42.45% of the company’s stock.

Shares of Pembina Pipeline (NYSE:PBA) traded down $0.57 on Friday, reaching $34.53. The company’s stock had a trading volume of 431,249 shares, compared to its average volume of 459,508. Pembina Pipeline has a 12 month low of $30.32 and a 12 month high of $36.29. The stock has a market cap of $17,636.56, a price-to-earnings ratio of 35.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60.

The business also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Stockholders of record on Sunday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 4.84%. Pembina Pipeline’s payout ratio is 171.72%.

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

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