|Bid||0.00 x 1400|
|Ask||26.50 x 1400|
|Day's Range||24.56 - 25.93|
|52 Week Range||10.58 - 40.65|
|Beta (5Y Monthly)||1.79|
|PE Ratio (TTM)||14.12|
|Forward Dividend & Yield||1.80 (7.12%)|
|Ex-Dividend Date||May 22, 2020|
|1y Target Est||N/A|
Oil prices have gone on a wild ride this year, taking most oil stocks with them. Crude, however, seems to have found its bottom and has recovered quite a bit of ground over the past month. That's leading many investors to consider buying oil stocks for the next leg of the rebound.
Ladies and gentlemen, thank you for standing by, and welcome to the Pembina Pipeline Corporation First Quarter Results Conference Call. Good morning, everyone, and welcome to Pembina's conference call and webcast to review highlights from the first quarter of 2020.
Although dividend stocks can pay shareholders at any time, most companies opt to distribute cash on a quarterly basis. Now, investors may have another reason to look at this type of dividend stock. As a result, not only can these prospective stockholders collect frequent payouts, but they can also buy these stocks on sale.
Pembina Pipeline (PBA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Pembina Pipeline Corporation (TSE:PPL) shareholders should be happy to see the share price up 26% in the last month...
Jordan Cove opponents are demanding that federal regulators reconsider their conditional certification of the Southern Oregon pipeline and liquefied natural gas export terminal project. In a 127-page filing, opponents on Monday said the Federal Energy Regulatory Commission erred on a number of counts in its March 19 decision, beginning with failing to require that developer Pembina Corp. demonstrate a market for the LNG. “Global gas markets, and LNG markets in particular, are saturated and are unlikely to prove more favorable to Jordan Cove in the future.”
Canadian banks are beginning to relax lending standards for energy firms struggling to operate with oil prices at half the level needed to cover costs, seeking to keep them afloat until the industry recovers from its deepest slump ever. Banks are extending credit and waiving covenants for some energy companies to avoid forcing defaults and bankruptcies that leave the lenders holding assets, in contrast to some U.S. counterparts preparing to seize oil and gas fields. A 2019 Canadian Supreme Court ruling requiring bankrupt oil companies to prioritize clean-up of inactive wells over paying creditors is also an incentive, analysts said.
For those who thought stocks were leaving bear market territory behind, Friday's session delivered a rude awakening. In contrast to the market's recent violent swings in either direction, last week saw the S&P 500 land in the green three days in a row. While briefly inspiring optimism among some Wall Street observers, it rounded out the week by slumping back into the red on March 27. It closed trading yesterday in the green, as the U.S. became the COVID-19 pandemic's new global epicenter. Against this backdrop, investors have been scrambling to protect their portfolios, seeking out the names that can still hand out steady returns amid persistent volatility or even a recession. Sure, these types of investments aren't always easy to spot, but that doesn't mean it's an impossible job. According to the pros, high-yield dividend stocks can represent compelling plays in the current economic climate. A reliable dividend name can provide a stable profit, insulating a portfolio even if share price appreciation comes to a halt. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 30 Stocks on a Deathwatch With the knowledge that not all dividend tickers are created equal, we turned to TipRanks' database to pinpoint seven high-yielding dividend stocks. Not to mention each "buy"-rated ticker boasts some impressive upside. Let's jump right in on the following seven high-yield dividend stocks to buy. High-Yield Dividend Stocks: Suncor Energy (SU) Source: Shutterstock The first in this list of high-yield dividend stocks is Suncor Energy Inc. (NYSE:SU). Operating as an integrated energy company, Suncor has placed a significant focus on sustainability, with its renewable energy portfolio comprised of wind farms and an ethanol plant. While shares have taken an intense beating in 2020, it offers return-minded investors an impressive dividend. For three years in a row, the company has been steadily bumping up its annualized payouts, with the figure now landing at $1.39, or 35 cents on a quarterly basis. Even more impressive is the yield, which comes in at 10.9% compared to the sector average of 0.06%. Turning now to the analysts, Wells Fargo's Roger Read points to the company's integrated model as being an encouraging sign. This model could help cushion Suncor from drops in absolute oil prices. However, it should be noted that this might not completely insulate the energy company during the second quarter as refined product demand is expected to take a hit due to the likely coronavirus-driven downturn. That being said, Read argues that demand for refined product could improve by mid-2020, with its operating and financial performances also slated for a boost, especially compared to its pure play E&P peers. It should come as no surprise, then, that the analyst left his Overweight rating as is. Even though the price target was reduced to $17.62, this still leaves room for a possible twelve-month gain of 31%. Out of nine recent reviews, eight were bullish, making the consensus rating a "strong buy." Adding to the good news, the $25.20 average price target brings the upside potential to a whopping 88%. See the SU stock analysis. Williams Companies (WMB) Source: Shutterstock Williams Companies, Inc. (NYSE:WMB) is another player in the energy industry, finding, producing, gathering, processing and transporting natural gas. On top of this, it manages a wholesale power business, with operations primarily located in the Pacific Northwest, Rocky Mountains, Gulf Coast, Southern California and Eastern Seaboard. Like fellow energy company Suncor, WMB has attracted significant Wall Street attention thanks to its dividend. This high-yield dividend stock yields 11.6% and appears that this attention is warranted. In real terms, this amounts to a per-share payment of 40 cents paid out monthly. Annually, the payout is $1.60. Not only does the current yield leave the industry average in the dust, but the company has also been able to increase the annualized payouts for the past two years. If that wasn't enough, the stock scored an upgrade from Bernstein analyst Jean Ann Salisbury. Driving his bullish thesis is his assumption that as the yearly reduction in "free" associated gas production should make up for reduced demand, lower oil prices could actually lead to higher gas prices. Salisbury believes this bodes well for Appalachia/Haynesville exploration and production and "arguably other gas-led basins as well." Looking at the current weakness in share price, the analyst does acknowledge that there's material counterparty risk. However, Salisbury doesn't think that this justifies the recent decline, arguing that its current valuation doesn't fully reflect WMB as a "safe harbor." Bearing this in mind, Salisbury changed his rating from "market perform" to "outperform." That being said, along with the upgrade, he cut the price target from $25 to $21, but this still implies 52% upside potential. * 7 Small-Cap Stocks That Might Not Survive Looking at the consensus breakdown, the rest of the Street is on the same page. 10 "buys" and "holds" add up to a "strong buy" analyst consensus. At $22.31, the average price target suggests 61% upside growth. See the WMB stock analysis. Pembina Pipeline (PBA) Source: (C)iStock.com/3dmentat As for the next stock on our list of high-yield dividend stocks, Pembina Pipeline Corporation (NYSE:PBA) owns a system of pipelines that transport crude oil, natural gas and natural gas liquids. Sure, 2020 hasn't been kind to the company, but it compensates with a noteworthy dividend. Investor focus has locked in on PBA for just that reason. With a yield of 9%, it's easy to understand why. To top it all off, the pipeline owner has a four-year long history of raising its dividend. Currently, the payout stands at $1.73 annually, with investors earning 43 cents per share each quarter. Meanwhile, RBC Capital analyst Robert Kwan points to yet another reason to be optimistic about PBA's long-term growth prospects. Citing the company's reaction to the elevated levels of uncertainty currently present in the market, he sees substantial long-term value for shares. This prompted Kwan to continue siding with the bulls, reiterating an "outperform" rating. It should be noted that along with the bullish call, the analyst dropped the price target to $18.33. Should this target be met in the coming twelve months, a modest gain of 9% could be in the cards. What does the rest of the Street have to say about PBA? It turns out that the stock earns 100% Street support, or 12 "buy" ratings to be exact. The message is clear: PBA is a "strong buy." At $34.72, the average price target is more aggressive than Kwan's and puts the upside potential at 107%. See the PBA stock analysis. Gaming and Leisure (GLPI) Source: Shutterstock Operating as a real estate investment trust (REIT), Gaming and Leisure Properties Inc. (NASDAQ:GLPI) boasts a portfolio made up of 44 gaming and related facilities. Its properties span 16 states, with its tenants including Penn National Gaming, Casino Queen, Eldorado Resorts and Boyd Gaming Corporation. What does it have in common with the other names on our list? A stellar dividend. When compared to the financial sector average of 0.06%, GLPI's 11% dividend yield isn't too shabby. Not to mention $2.80 per share is handed out to investors annually, a whopping 70 cents on a quarterly basis. The company has a reliable dividend history as well, bumping up the annual payment each year for the last five years. While some investors have expressed concern about the recent share price decline, members of the analyst community remain unfazed. Weighing in on the stock for Nomura, analyst Daniel Adam argues that the "worst case" is built into the share price, making the risk/reward profile "too compelling."According to Adam, investors are undervaluing where the gaming real estate investment trusts rank within their tenants' capital structure, and thus implies a "fundamental disconnect." As a result of this ranking, GLPI actually is first-in-line to get paid back if a tenant defaults. Based on everything the company has going for it, Adam upgraded his call from "neutral" to "buy." Decreasing the price target from $45 to $29, the potential twelve-month gain still lands at 5%. * 10 Undervalued Stocks Crashing on the Coronavirus Pandemic The rest of the Street is even more bullish on GLPI. Given the $46.33 average price target, shares could climb 67% higher in the next year. It doesn't hurt that at 8:1, the ratio of "buys" to "sells" assigned makes the consensus rating a "strong buy." See the GLPI stock analysis. DHT Holdings (DHT) Source: Shutterstock The next of the high-yield dividend stocks on this list, DHT Holdings, Inc. (NYSE:DHT), is an independent crude oil tanker company, with its fleet trading internationally and comprised of crude oil tankers in the VLCC segment. Despite its poor year-to-date performance, DHT makes it up to investors with its strong dividend. We're not kidding when we say the dividend is impressive. The yield is a whopping 16.2%, and the quarterly return per share lands at 32 cents, based on a $1.28 yearly payout. After the cooperation between OPEC, Russia, and a number of other non-OPEC producers fell through, Stifel Nicolaus analyst Benjamin Nolan believes that the amount of crude exports will increase. Additionally, oil prices could experience a sharp drop as inventories build up and the oil curve could see a "contango" develop, which would also cause inventory to grow. According to Nolan, the combination of all of these developments stand to benefit both rates and tanker demand in the near-term. In line with his bullish approach, Nolan just gave DHT a nod of approval. He upgraded the recommendation from "hold" to "buy" and left a $6.50 price target on the stock. Judging by the consensus breakdown, other Wall Street analysts are in agreement about this high-yield dividend stock. With four "buys" and one "hold" issued in the last three months, the verdict is that DHT is a "strong buy." On top of this, the $8.52 average price target implies that shares could surge 10% in the coming months. See the DHT stock analysis. Outfront Media (OUT) Source: Shutterstock.com Formerly known as CBS Outdoor, Outfront Media (NYSE:OUT) operates as an outdoor media advertising company, counting itself as one of the top players in the U.S. and Canadian markets. Through billboards that work alone or in conjunction with TV, radio and other online platforms as well as transit displays, the company connects its customers to their target audiences. With the company soaring 51% in last five days alone, to say that Wall Street is watching is an understatement. Despite its recent upward momentum, some investors have expressed concern after the company withdrew its guidance for 2020 adjusted funds from operations (AFFO) growth. It should also be noted that Q1 2020 revenue could come in flat or increase in low single-digits. However, when it comes to liquidity, the company is taking steps in the right direction, with it adding a $500 million revolving credit facility to the $59.1 million in cash it had as of Dec. 31, 2019. Most attractive for investors, though, is its dividend. The yield comes in at 12.8%, and the annualized payout lands at $1.52. Commenting for Imperial Capital, analyst David Miller doesn't dispute the fact that the company is facing some intense headwinds. As a result, he reduced his estimates for the company. That being said, shares are trading at book value. To this end, Miller remains optimistic about OUT. Along with his "buy" call, he trimmed the price target from $35 to $24, suggesting upside potential in the shape of 75%. * The 10 Best Value Stocks to Own in 2020 OUT's "strong buy" consensus rating breaks down into five "buys" and a single "hold." The $27.50 average price target indicates shares could skyrocket 100%, earning it a prime spot on this list of high-yield dividend stocks to buy. See the OUT stock analysis. Ladder Capital (LADR) Source: Shutterstock The last on this list of high-yield dividend stocks is Ladder Capital Corporation (NYSE:LADR), a fellow real estate investment trust that is the direct provider of $5 million - $100 million commercial mortgage loans secured by commercial real estate in the U.S. Much like the broader market, shares have taken a nose dive since the start of 2020, but the analysts say there are still plenty of reasons to bet on this name. One of those reasons is its dividend. At 28%, the yield surpasses the other tickers on our list. In addition, the annual payment comes out to $1.36, or 34 cents every quarter, with the company bumping up this payment for the last four years in a row. Looking to the Street's pro, one analyst in particular is singing LADR's praises. It's true that the company's shares have dipped 72% as opposed to the financial sector's 2.9% during the last six months. However, Deutsche Bank analyst George Bahamondes doesn't necessarily view this as a negative, as the weakness presents investors with an affordable entry point. He stated at the time, "LADR currently trades at 1.01x of undepreciated book value and pays a well-covered 19.1% dividend yield." To top it all off, while CRE transaction volume and other loan originations could decelerate thanks to the current economic uncertainty, its buyback program is a major step in the right direction, in Bahamondes' opinion. With this in mind, the analyst just gave LADR a thumbs up, upgrading the stock from a "hold" to a "buy." The $18 price target conveys his confidence in the stock's ability to skyrocket 226% in the next twelve months. Based on 100% analyst community support, the consensus is unanimous: LADR is a "strong buy." A twelve-month gain of 246% is on the horizon should the $18.67 average price target be met. See the LADR stock analysis. TipRanks offers investors the latest insight into eight different sectors by tracking the activity of over 5,000 Wall Street analysts. As of this writing, Maya Sasson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post 7 High-Yielding Dividend Stocks to Buy Now appeared first on InvestorPlace.
Market researchers at RBC Capital, led by Lori Calvasina, head of the bank’s US Equity Strategy, have analyzed current conditions, comparing them to past recessions, and see the coming downturn as both short and mild. They based their conclusions on the behavior of the S&P 500 during downturns since 1937.Getting into specifics, Calvasina’s team says of current conditions, “Our new YE 2020 S&P 500 price target of 2,750 implies a 15% drop for the full year, as well as a 15% rebound from recent levels… we continue to believe that the bulk of the stock market impact from the coronavirus will be felt early in the year, with the bulk of the economic impact coming in the middle of the year…”Looking ahead, the RBC team believes that the rebound will be longer-lasting than the drop. They write, “For 2021, we assume that the economic recovery will continue into the new year, and we have also modeled a single Fed rate hike in 2Q21, a modest increase in the 10-year yield, a slight rebound in oil prices, modest margin expansion, and the return of share buybacks to a pace slightly below that of 4Q19.”Turning from the macro view, RBC’s stock analysts have pinpointed high-yield dividend stocks with even higher upside potential – just the sort of opportunity that should attract return-minded investors in preparation for a market turnaround. Not all high returns are created equal, however, and RBC sees two of these as Buy-side, while leaving one as a Hold. We’ve used TipRanks database to pull the details on RBC’s picks. Let’s dive in.Enterprise Products Partners (EPD)RBC’s first Buy-rating goes to an oil and gas midstream company. Enterprise controls and operates over 50,000 miles of oil and gas pipelines, as well as facilities for the storage of 160 million barrels of oil and 14 billion cubic feet of natural gas, and shipping terminals on the Texas Gulf Coast. These are valuable assets, as they are essential for moving fuel into the economy, and they retain their worth no matter what the economic conditions – after all, there is always a need for fuel.Enterprise came into the current market downturn on a sound note, having reported better than expected Q4 earnings and revenues in the first week of February. The company showed 54 cents EPS on total quarterly revenue of $8.01 billion. Both numbers were up sequentially from Q3.RBC focused on dividend stocks, and EPD measures up. The company’s 44.5-cent quarterly payment annualizes to $1.78, and it has an 11-year history of keeping up reliable payments. The dividend has been increased gradually over the past three years, and the payment ratio of 82% indicates that there is still room available for further increases. And at 12.2%, the yield is simply stellar.In his comments on the stock, Schultz wrote, “We like EPD for the expansive asset footprint that is ideally situated to benefit on the key downstream export markets across multiple product streams. We also see growing FCF in 2019 as EPD dials back growth capex and puts in service new processing, frac, and export capacity. EPD remains a core holding, in our view.” (To watch Schultz’s track record, click here)5-star RBC analyst TJ Schultz Schultz backed his Buy rating with a $29 price target, implying an impressive upside of 125% for the coming year.EPS stock has a Strong Buy rating from the analyst consensus, based on 10 recent reviews. These include 9 Buy-side against a single Hold – a clear indication of collective confidence in the stock. EPS is selling for a discount price, $14.56, and the average price target of $26.89 suggests an upside potential of 85%. (See EPD stock analysis on TipRanks)Pembina Pipeline (PBA)Sticking with the oil and gas midstream business, RBC switched its focus north to Canada. Pembina is a major player in Western Canada midstreaming, with gas processing plants and pipelines throughout the Alberta-British Columbia oil and gas production regions. Pembina’s facilities and pipelines gather fuel and transport it across the border, through the Bakken field in the US state of North Dakota, and onward to export points on the Great Lakes.Declining energy costs on the open markets and long transit pathways put pressure on Pembina’s margins in recent months. The company reflected that in its Q4 earnings, which missed expectations and were down from year-over-year. In US currency, EPS came in at 16 cents against the 42 cents forecast. Revenue did better, growing yoy from $1.31 billion to $1.33 billion – although it did miss the estimates by 3.25%.PBA uses its earnings to keep up the dividend payment. The company has raised the payment twice in the last three years, and currently pays out 16 cents per share monthly. It’s uncommon for a company to pay out a dividend that frequently, but PBA manages it. The payments annualize to $1.88 (based on the last 12), and give a yield of 11.7%. Even better for investors, PBA has a four-year history increasing the payout. The next payment is due to be paid on March 24.Covering Pembina for RBC, 5-star analyst Robert Kwan describes this stock as “…disproportionately hit versus its peers based on concerns about counterparty exposure as well as Pembina’s own credit rating…” On the subject of PBA’s prospects, Kwan adds, "We applaud the company for taking decisive and tangible steps in the face of considerable market uncertainty. While the stock is under pressure, we have confidence in its long-term value and recommend that patient, long-term focused investors buy the stock while clipping a sizable dividend yield and waiting for the potential upside to materialize."In line with his comments, Kwan sets a price target on PBA of C$26, equating to USD$18 US at today’s exchange rate. This implies an upside for the stock of 18%. (To watch Kwan’s track record, click here)Pembina’s Strong Buy analyst consensus rating is unanimous, based on 12 recent Buy-side reviews. The stock is currently selling for C$23.13, or US$16.09, and the average price target of C$50.72 (US$35.28) suggests a strong 126% upside potential in the coming 12 months. (See Pembina stock analysis on TipRanks)L Brands, Inc. (LB)Last on the list RBC’s Hold call, L Brands. A rebranding of The Limited, this Ohio-based company has long owned well-known shopping mall staples Victoria’s Secret and Bath & Body Works. In a move made public last month, L Brands will be selling 55% of Victoria’s Secret to private equity firm Sycamore Partners, and that company CEO Leslie Wexner will step down after completion of the sale. The move will leave Bath & Body Works as the company’s only wholly owned brand, although it will retain a 45% interest in Victoria’s Secret.The fourth quarter, coming in the holiday shopping season, is L Brands’ strongest, and Q4 2019 was no exception. The company reported $1.88 in EPS, beating the forecast by 1%. Revenue also beat estimates, by a minimal 0.05%, and came in at $4.71 billion. The top line was down 2.8% year-over-year, however; an ominous sign entering Q1 2020. The current quarter has seen mall businesses buffeted by quarantines and social distancing restrictions, and retail is down across the board. LB forecasts a Q1 net loss of 5 cents per share when it reports in May.The company has been careful to maintain its dividend through these difficult times, paying out 30 cents per quarter. The annualized rate, $1.20, gives an impressive yield of 12.3%, and the payout ratio of 64% indicates that, at current income levels, the dividend is sustainable.RBC, however, wants to sit this one out, despite the high-yield dividend. The company is in the midst of a divestiture, and facing severe headwinds along with the rest of the retail sector. In comments on the stock, analyst Kate Fitzsimons says, “While we agree the math on a standalone BBW suggests value unlock, we remain comfortable on the sidelines as the next leg up in LB shares is likely to take time, with the bears focusing on mall exposure and sustainability of 20%+ margins, and the bulls on BBW's superior profitability and cash flows.”While she will wait to see if who is right, the bears or the bulls, on this one, Fitzsimons did ‘tweak’ her price target, raising it to $24 and suggesting an upside of 145%. That would imply she’s with the Bulls – but for now, she calls this one a Hold. (To watch Fitzsimons’ track record, click here)L Brands gets a Moderate Buy from the analyst consensus, reflecting Wall Street’s divided opinion on the stock. The rating is based on 24 reviews, including 8 Buys, 14 Holds, and 2 Sells. Shares are selling for a low $9.78, and the average price target of $27 reflects the possible rewards of a risky stock, in a 176% upside potential. (See L Brands stock analysis on TipRanks)
Rating Action: Moody's withdraws Veresen Midstream's ratings for Business Reasons. Global Credit Research- 20 Mar 2020. Toronto, March 20, 2020-- Moody's Investors Service withdrew its ratings for Veresen ...
U.S. energy regulators approved the Jordan Cove project on Thursday, but the ruling hardly settles the fight over the proposed Southern Oregon pipeline and liquefied natural gas terminal. The 2-1 decision by the Federal Energy Regulatory Commission came over the objections of Oregon. The state's Department of Land Conservation and Development last month cited several permitting failures by the Canadian developer Pembina Corp. in declaring the project should not go forward.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Federal energy regulators are set to take up the controversial Jordan Cove project next week. The Federal Energy Regulatory Commission hit pause on issuing a final permit for the Southern Oregon pipeline and liquefied natural gas project last month, as an assumed supporter said he needed to study Oregon’s objections in greater depth.
Pembina Pipeline Corporation (TSE:PPL) shareholders (or potential shareholders) will be happy to see that the...
Unfortunately for some shareholders, the Pembina Pipeline (TSE:PPL) share price has dived 33% in the last thirty days...
Pembina Pipeline (PBA) delivered earnings and revenue surprises of -61.90% and -3.25%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Pembina Pipeline (PBA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Department of Land Conservation and Development cites several failures to “establish consistency with specific enforceable policies.”
Today we'll look at Pembina Pipeline Corporation (TSE:PPL) and reflect on its potential as an investment. In...
Sen. Ron Wyden is calling for federal regulators to hold off on a decision on the controversial Jordan Cove project. The Federal Energy Regulatory Commission is set to rule on the Southern Oregon LNG pipeline and export terminal on Feb. 13, with license approval widely expected.
With federal approval seemingly imminent, state battle over pipeline and gas export terminal heats up.
Pembina Pipeline Corporation (TSE:PPL) stock is about to trade ex-dividend in 4 days time. You will need to purchase...
Apache (APA) shares rocket following a discovery offshore Suriname block 58. BP plc (BP) agrees to divest certain North Sea assets for $625 million.