Pembina Pipeline Corp (NYSE:pba) (TSE:PPL) announced a dividend on Thursday, March 16th. Shareholders of record on Saturday, March 25th will be paid a dividend of 0.12 per share on Friday, April 14th. The ex-dividend date of this dividend is Wednesday, March 22nd. This is an increase from Pembina Pipeline Corp’s previous dividend of $0.12.
Shares of Pembina Pipeline Corp (NYSE:PBA) opened at 31.89 on Tuesday. The firm has a 50-day moving average of $31.83 and a 200 day moving average of $30.80. The company has a market cap of $12.72 billion, a P/E ratio of 42.58 and a beta of 0.72. Pembina Pipeline Corp has a 52 week low of $25.12 and a 52 week high of $33.24.
Pembina Pipeline Corp (NYSE:PBA) last released its earnings results on Thursday, February 23rd. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business earned $1.25 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pembina Pipeline Corp had a net margin of 10.94% and a return on equity of 6.96%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.32 earnings per share. Equities analysts expect that Pembina Pipeline Corp will post $1.25 EPS for the current fiscal year.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of Pembina Pipeline Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Scotiabank reissued an “outperform” rating and set a $44.00 target price on shares of Pembina Pipeline Corp in a research note on Wednesday, December 7th. Finally, Desjardins cut shares of Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Pembina Pipeline Corp has an average rating of “Buy” and an average price target of $41.89.
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Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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