Pembina Pipeline Corp (PBA) Expected to Post Quarterly Sales of $1.52 Billion

Equities research analysts predict that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will report sales of $1.52 billion for the current quarter, Zacks reports. Two analysts have made estimates for Pembina Pipeline’s earnings, with the lowest sales estimate coming in at $1.34 billion and the highest estimate coming in at $1.69 billion. Pembina Pipeline posted sales of $937.22 million during the same quarter last year, which suggests a positive year-over-year growth rate of 62.2%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pembina Pipeline will report full year sales of $1.52 billion for the current year, with estimates ranging from $4.26 billion to $4.56 billion. For the next fiscal year, analysts anticipate that the company 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 averages are an average based on a survey of sell-side analysts that follow Pembina Pipeline.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, November 2nd. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.08). Pembina Pipeline had a return on equity of 8.36% and a net margin of 11.66%.

A number of analysts recently weighed in on the stock. Macquarie cut shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Pembina Pipeline has an average rating of “Hold” and an average price target of $39.00.

A number of large investors have recently modified their holdings of PBA. JPMorgan Chase & Co. boosted its stake in Pembina Pipeline by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 153,325 shares of the pipeline company’s stock worth $5,079,000 after purchasing an additional 3,846 shares during the period. Schroder Investment Management Group boosted its stake in Pembina Pipeline by 0.7% in the 2nd quarter. Schroder Investment Management Group now owns 42,207 shares of the pipeline company’s stock worth $1,811,000 after purchasing an additional 275 shares during the period. Franklin Resources Inc. boosted its stake in Pembina Pipeline by 13.5% in the 2nd quarter. Franklin Resources Inc. now owns 124,253 shares of the pipeline company’s stock worth $4,117,000 after purchasing an additional 14,790 shares during the period. Wells Fargo & Company MN boosted its stake in Pembina Pipeline by 3.7% in the 2nd quarter. Wells Fargo & Company MN now owns 228,471 shares of the pipeline company’s stock worth $7,567,000 after purchasing an additional 8,204 shares during the period. Finally, AXA boosted its stake in Pembina Pipeline by 51.0% in the 2nd quarter. AXA now owns 15,605 shares of the pipeline company’s stock worth $517,000 after purchasing an additional 5,272 shares during the period. Hedge funds and other institutional investors own 42.31% of the company’s stock.

Shares of Pembina Pipeline (NYSE:PBA) opened at $35.02 on Friday. The firm has a market cap of $17,710.00, a P/E ratio of 35.37 and a beta of 0.74. Pembina Pipeline has a 1-year low of $30.32 and a 1-year high of $36.99. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75.

The firm also recently announced a jan 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be issued a dividend of $0.18 per share. This represents a yield of 4.93%. The ex-dividend date of this dividend is Wednesday, January 24th. Pembina Pipeline’s payout ratio is 174.75%.

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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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