Analysts expect Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) to report sales of $1.55 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Pembina Pipeline’s earnings, with the highest sales estimate coming in at $1.77 billion and the lowest estimate coming in at $1.34 billion. Pembina Pipeline posted sales of $937.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 65.4%. The company is expected to report its next earnings report after the market closes on Thursday, February 22nd.

On average, 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 year, analysts expect that the firm will report sales of $6.81 billion per share, with estimates ranging from $6.20 billion to $7.42 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Pembina Pipeline.

PBA has been the subject of several research reports. Zacks Investment Research cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 29th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $39.00.

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Pembina Pipeline during the fourth quarter valued at about $357,000. Tower Research Capital LLC TRC lifted its stake in Pembina Pipeline by 78.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the pipeline company’s stock valued at $144,000 after buying an additional 1,755 shares during the period. UBS Asset Management Americas Inc. lifted its stake in Pembina Pipeline by 25.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,369,250 shares of the pipeline company’s stock valued at $49,734,000 after buying an additional 273,926 shares during the period. Waratah Capital Advisors Ltd. acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $4,862,000. Finally, BlackRock Inc. lifted its stake in Pembina Pipeline by 22.2% in the fourth quarter. BlackRock Inc. now owns 280,178 shares of the pipeline company’s stock valued at $10,137,000 after buying an additional 50,972 shares during the period. 42.63% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline (NYSE PBA) traded down $0.30 during midday trading on Tuesday, reaching $30.94. The company had a trading volume of 854,198 shares, compared to its average volume of 534,968. Pembina Pipeline has a twelve month low of $30.17 and a twelve month 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 company has a market cap of $16,302.27, a PE ratio of 31.18 and a beta of 0.66.

The firm also recently announced a feb 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Sunday, February 25th will be given a $0.18 dividend. This represents a yield of 0.00560224089635854%. The ex-dividend date of this dividend is Thursday, February 22nd. 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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