Pembina Pipeline Corp (pba) To Go Ex-Dividend on March 22nd
Pembina Pipeline Corp (NYSE:pba) (TSE:PPL) announced a dividend on Thursday, March 16th. Investors 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 a boost from Pembina Pipeline Corp’s previous dividend of $0.12.
Shares of Pembina Pipeline Corp (NYSE:PBA) opened at 31.89 on Tuesday. The stock has a market cap of $12.72 billion, a PE 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. The company’s 50-day moving average is $31.83 and its 200 day moving average is $30.80.
Pembina Pipeline Corp (NYSE:PBA) last issued its quarterly 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. Analysts forecast that Pembina Pipeline Corp will post $1.25 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on PBA shares. Zacks Investment Research downgraded shares of Pembina Pipeline Corp from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. Scotiabank reissued an “outperform” rating and issued a $44.00 target price on shares of Pembina Pipeline Corp in a research report on Wednesday, December 7th. Finally, Desjardins cut shares of Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a research report on Monday, February 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $41.89.
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About Pembina Pipeline Corp
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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