Cormark Analysts Reduce Earnings Estimates for Pembina Pipeline Corp (PBA)

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) – Research analysts at Cormark decreased their FY2017 EPS estimates for Pembina Pipeline in a research report issued on Friday. Cormark analyst B. Watson now expects that the pipeline company will earn $1.32 per share for the year, down from their previous estimate of $1.33.

Other research analysts have also issued reports about the company. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, BidaskClub lowered Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $41.50.

Pembina Pipeline (NYSE:PBA) opened at $34.83 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60. Pembina Pipeline has a 52-week low of $29.36 and a 52-week high of $36.29. The company has a market capitalization of $17,651.63, a PE ratio of 35.49 and a beta of 0.74.

The firm also recently disclosed a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a dividend yield of 4.73%. Pembina Pipeline’s dividend payout ratio is presently 171.72%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Girard Partners LTD. boosted its position in shares of Pembina Pipeline by 0.9% during the second quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock worth $381,000 after buying an additional 97 shares during the period. Sei Investments Co. boosted its position in shares of Pembina Pipeline by 0.5% during the second quarter. Sei Investments Co. now owns 24,708 shares of the pipeline company’s stock worth $818,000 after buying an additional 125 shares during the period. Schroder Investment Management Group boosted its position in shares of Pembina Pipeline by 0.7% during the second quarter. Schroder Investment Management Group now owns 42,207 shares of the pipeline company’s stock worth $1,811,000 after buying an additional 275 shares during the period. Bard Associates Inc. boosted its position in shares of Pembina Pipeline by 0.5% during the second quarter. Bard Associates Inc. now owns 54,992 shares of the pipeline company’s stock worth $1,821,000 after buying an additional 300 shares during the period. Finally, National Planning Corp boosted its position in shares of Pembina Pipeline by 2.3% during the second quarter. National Planning Corp now owns 17,229 shares of the pipeline company’s stock worth $576,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 42.45% of the company’s stock.

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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.

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

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