Cormark Equities Analysts Raise Earnings Estimates for Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) – Research analysts at Cormark raised their Q3 2019 earnings per share estimates for Pembina Pipeline in a report released on Monday, November 5th. Cormark analyst B. Watson now anticipates that the pipeline company will post earnings of $0.58 per share for the quarter, up from their prior forecast of $0.55.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, September 28th. ValuEngine downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. National Bank Financial reissued a “buy” rating on shares of Pembina Pipeline in a research report on Friday, November 2nd. CIBC reissued a “buy” rating on shares of Pembina Pipeline in a research report on Friday, November 2nd. Finally, Raymond James reissued a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $40.00.

Shares of PBA opened at $34.51 on Wednesday. Pembina Pipeline has a one year low of $29.28 and a one year high of $36.99. The stock has a market capitalization of $17.56 billion, a PE ratio of 25.95, a PEG ratio of 3.42 and a beta of 0.66. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.61.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. Pembina Pipeline had a net margin of 18.00% and a return on equity of 11.01%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 95.7% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the stock. Viking Fund Management LLC boosted its holdings in shares of Pembina Pipeline by 21.4% during the 3rd quarter. Viking Fund Management LLC now owns 8,500 shares of the pipeline company’s stock worth $289,000 after buying an additional 1,500 shares during the period. Gideon Capital Advisors Inc. boosted its holdings in shares of Pembina Pipeline by 21.4% during the 2nd quarter. Gideon Capital Advisors Inc. now owns 8,532 shares of the pipeline company’s stock worth $295,000 after buying an additional 1,506 shares during the period. Epoch Investment Partners Inc. boosted its holdings in shares of Pembina Pipeline by 11.5% during the 2nd quarter. Epoch Investment Partners Inc. now owns 14,923 shares of the pipeline company’s stock worth $516,000 after buying an additional 1,542 shares during the period. Comerica Bank boosted its holdings in shares of Pembina Pipeline by 6.0% during the 3rd quarter. Comerica Bank now owns 29,937 shares of the pipeline company’s stock worth $1,034,000 after buying an additional 1,700 shares during the period. Finally, Raymond James Trust N.A. boosted its holdings in shares of Pembina Pipeline by 24.5% during the 2nd quarter. Raymond James Trust N.A. now owns 11,875 shares of the pipeline company’s stock worth $411,000 after buying an additional 2,338 shares during the period. 46.98% of the stock is owned by institutional investors and hedge funds.

The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, October 25th will be issued a dividend of $0.1472 per share. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, October 24th. This represents a $1.77 annualized dividend and a dividend yield of 5.12%. Pembina Pipeline’s payout ratio is presently 133.08%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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

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