Pembina Pipeline Co. (NYSE:PBA) Expected to Earn Q2 2023 Earnings of $0.43 Per Share

Posted by on Jun 24th, 2023

Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) – Equities researchers at Stifel Firstegy issued their Q2 2023 earnings estimates for Pembina Pipeline in a research report issued on Wednesday, June 21st. Stifel Firstegy analyst C. Pereira expects that the pipeline company will post earnings per share of $0.43 for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.08 per share. Stifel Firstegy also issued estimates for Pembina Pipeline’s Q3 2023 earnings at $0.48 EPS, Q4 2023 earnings at $0.55 EPS, FY2023 earnings at $1.96 EPS and FY2024 earnings at $2.04 EPS.

Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last announced its earnings results on Thursday, May 4th. The pipeline company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.05). Pembina Pipeline had a net margin of 26.15% and a return on equity of 14.59%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.91 billion.

A number of other research analysts also recently issued reports on the company. Credit Suisse Group raised Pembina Pipeline from a “neutral” rating to an “outperform” rating in a report on Thursday, May 25th. StockNews.com assumed coverage on shares of Pembina Pipeline in a report on Thursday, May 18th. They set a “hold” rating for the company. Stifel Nicolaus assumed coverage on shares of Pembina Pipeline in a report on Wednesday. They issued a “buy” rating on the stock. Scotiabank increased their price target on Pembina Pipeline from C$50.00 to C$51.00 in a report on Monday, February 27th. Finally, CIBC lifted their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a report on Monday, February 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.20.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $30.15 on Friday. The company has a 50 day moving average of $31.75 and a 200 day moving average of $33.04. The company has a quick ratio of 0.39, a current ratio of 0.46 and a debt-to-equity ratio of 0.70. Pembina Pipeline has a twelve month low of $29.59 and a twelve month high of $38.29. The firm has a market cap of $16.59 billion, a P/E ratio of 8.02, a PEG ratio of 5.02 and a beta of 1.28.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.493 per share. This represents a $1.97 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Wednesday, June 14th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio (DPR) is currently 52.13%.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Pembina Pipeline by 3.4% during the third quarter. Vanguard Group Inc. now owns 19,783,270 shares of the pipeline company’s stock valued at $600,818,000 after purchasing an additional 641,772 shares during the period. Mackenzie Financial Corp lifted its position in shares of Pembina Pipeline by 4.1% during the 1st quarter. Mackenzie Financial Corp now owns 11,275,677 shares of the pipeline company’s stock valued at $365,233,000 after buying an additional 440,185 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of Pembina Pipeline by 1.3% during the 4th quarter. Toronto Dominion Bank now owns 9,185,493 shares of the pipeline company’s stock valued at $327,483,000 after acquiring an additional 119,814 shares during the period. National Bank of Canada FI increased its holdings in Pembina Pipeline by 5.0% in the 1st quarter. National Bank of Canada FI now owns 7,745,013 shares of the pipeline company’s stock worth $250,620,000 after acquiring an additional 371,913 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Pembina Pipeline by 1.7% during the 1st quarter. CIBC Asset Management Inc now owns 7,384,434 shares of the pipeline company’s stock worth $238,976,000 after acquiring an additional 123,855 shares during the period. 51.68% of the stock is owned by institutional investors.

About Pembina Pipeline

(Get Rating)

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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 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.

Featured Articles

Earnings History and Estimates for Pembina Pipeline (NYSE:PBA)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.