How Many Pembina Pipeline Corp (TSE:PPL)'s Analysts Are Bearish?

Elias Hubbard
May 27, 2017

Wall Street analysts predict that Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) will report earnings per share of $0.28 for the current fiscal quarter, Zacks reports. Credit Suisse downgraded the shares of PBA in report on Monday, June 20 to "Neutral" rating. The average twelve-month price objective among analysts that have issued a report on the stock in the previous year is $45.00. National Bank Financial lifted their target price on shares of Pembina Pipeline Corp from C$43.00 to C$44.00 in a research report on Wednesday, January 25th. Societe Generale upgraded the shares of COP in report on Wednesday, January 11 to "Buy" rating. AltaCorp Capital reaffirmed an "outperform" rating on shares of Pembina Pipeline Corp in a report on Wednesday, May 3rd. Addenda Capital Inc acquired 9,710 shares as Pembina Pipeline Corp (PBA)'s stock declined 0.40%. HighTower Advisors LLC boosted its stake in Pembina Pipeline Corp by 1.2% in the first quarter. The Addenda Capital Inc holds 71,454 shares with $2.25M value, up from 61,744 last quarter.

More notable recent Pembina Pipeline Corp (NYSE:PBA) news were published by: Reuters.com which released: "BRIEF-Pembina Pipeline Corp and Petrochemical Industries Co of Kuwait establish JV" on May 15, 2017, also Business.Financialpost.com with their article: "Pembina Pipeline Corp to buy Veresen in $9.7 billion deal" published on May 01, 2017, Nasdaq.com published: "Pembina Pipeline Corp". FMR LLC increased its position in Pembina Pipeline Corp by 10.1% in the fourth quarter. Also, Director Jeffrey T. Smith bought 1,030 shares of the firm's stock in a transaction on Tuesday, May 9th. Spark Investment Management LLC boosted its stake in shares of Pembina Pipeline Corp by 300.0% in the third quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company's stock valued at $228,000 after buying an additional 164 shares during the last quarter. Amf Pensionsforsakring Ab acquired 25,031 shares as Pembina Pipeline Corp (PBA)'s stock declined 0.40%.

Shares of Pembina Pipeline Corp (NYSE:PBA) traded down 1.08% during mid-day trading on Friday, reaching $32.09. About 162,947 shares traded. The firm has a 50-day moving average price of $43.74 and a 200 day moving average price of $41.94. The company has market cap of $17.35 billion. Pembina Pipeline Corp has a one year low of $27.44 and a one year high of $33.52. Pembina Pipeline Corp has an average rating of "Buy" and a consensus target price of C$48.56. The firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the previous year, the firm posted $0.32 EPS. Zacks' earnings per share calculations are an average based on a survey of analysts that cover Pembina Pipeline Corp. Stockholders of record on Thursday, June 15th will be paid a $0.17 dividend.

Investors sentiment decreased to 0.79 in Q4 2016. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.73%. Therefore 0 are positive. The ex-dividend date is Tuesday, May 23rd. Fjarde Ap has invested 0.11% of its portfolio in Pembina Pipeline Corp (TSE:PPL). If you are viewing this report on another website, it was copied illegally and republished in violation of worldwide trademark and copyright laws.

Amf Pensionsforsakring Ab increased Pembina Pipeline Corp (PBA) stake by 13.7% reported in 2016Q4 SEC filing. The Company's divisions include West, including divisions located in Arizona, California, Nevada and Washington; Mountain, including divisions located in Colorado and Utah; East, including divisions located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., American Home Insurance Agency, Inc. and American Home Title and Escrow Company. The Conventional Pipelines segment consists of the tariff activities of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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