Pembina Pipeline Corp. (PBA) Scheduled to Post Quarterly Earnings on Thursday

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) is set to announce its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. On average, analysts expect Pembina Pipeline Corp. to post $1.35 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Shares of Pembina Pipeline Corp. (NYSE PBA) traded up 0.51% on Tuesday, reaching $33.25. The company’s stock had a trading volume of 57,897 shares. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $35.63. The firm has a market cap of $13.40 billion, a price-to-earnings ratio of 33.42 and a beta of 0.73. The stock has a 50 day moving average of $33.99 and a 200-day moving average of $33.01.

The firm also recently declared 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 represents a $1.73 annualized dividend and a yield of 5.22%. This is a positive change from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 24th. Pembina Pipeline Corp.’s dividend payout ratio is presently 178.35%.

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Several research firms have issued reports on PBA. BidaskClub lowered shares of Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research lowered shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. One 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 stock. The company has an average rating of “Buy” and an average price target of $43.00.

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 for Pembina Pipeline Corp. (NYSE:PBA)

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