FY2024 EPS Forecast for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities research analysts at Atb Cap Markets dropped their FY2024 EPS estimates for shares of Pembina Pipeline in a note issued to investors on Wednesday, November 6th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings of $2.10 per share for the year, down from their previous estimate of $2.26. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.38 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.60 EPS, Q1 2025 earnings at $0.54 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.59 EPS.

PBA has been the topic of several other reports. Citigroup lifted their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $40.97 on Friday. The business has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $38.85. The company has a market cap of $23.78 billion, a P/E ratio of 16.93 and a beta of 1.25. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a twelve month low of $31.51 and a twelve month high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 6.74%. Pembina Pipeline’s payout ratio is presently 84.30%.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in shares of Pembina Pipeline by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock valued at $335,000 after purchasing an additional 538 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Pembina Pipeline by 358.7% during the 1st quarter. Duality Advisers LP now owns 58,771 shares of the pipeline company’s stock worth $2,077,000 after buying an additional 45,958 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Pembina Pipeline by 10,862.7% during the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 32,045 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Pembina Pipeline by 19.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 17,863 shares of the pipeline company’s stock valued at $631,000 after acquiring an additional 2,902 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Pembina Pipeline during the 1st quarter valued at $8,687,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.