Equities research analysts expect Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) to announce sales of $1.55 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Pembina Pipeline’s earnings. The highest sales estimate is $1.77 billion and the lowest is $1.34 billion. Pembina Pipeline posted sales of $937.22 million in the same quarter last year, which suggests a positive year-over-year growth rate of 65.4%. The firm is scheduled to announce its next earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Pembina Pipeline will report full year sales of $1.55 billion for the current fiscal year, with estimates ranging from $4.26 billion to $4.75 billion. For the next financial year, analysts forecast that the firm will post sales of $6.81 billion per share, with estimates ranging from $6.20 billion to $7.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Pembina Pipeline.
A number of brokerages recently weighed in on PBA. Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie lowered shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. lifted its stake in Pembina Pipeline by 2.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 293,932 shares of the pipeline company’s stock worth $10,634,000 after purchasing an additional 5,795 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $342,000. Notis McConarty Edward lifted its stake in Pembina Pipeline by 45.7% in the 4th quarter. Notis McConarty Edward now owns 26,800 shares of the pipeline company’s stock worth $970,000 after purchasing an additional 8,400 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Pembina Pipeline by 1.0% in the 4th quarter. CIBC Asset Management Inc now owns 7,170,276 shares of the pipeline company’s stock worth $260,690,000 after purchasing an additional 69,532 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $115,000. 42.63% of the stock is currently owned by institutional investors and hedge funds.
Pembina Pipeline (NYSE PBA) opened at $32.13 on Tuesday. The firm has a market cap of $16,510.00, a PE ratio of 32.45 and a beta of 0.66. Pembina Pipeline has a 12 month low of $30.32 and a 12 month high of $36.99. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75.
The business also recently declared a feb 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Sunday, February 25th will be paid a $0.18 dividend. This represents a yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio is presently 175.76%.
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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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