Pembina Pipeline Co. (NYSE:PBA – Free Report) (TSE:PPL) – Investment analysts at Zacks Research raised their Q2 2024 EPS estimates for Pembina Pipeline in a research note issued on Thursday, September 14th. Zacks Research analyst T. Saha now forecasts that the pipeline company will earn $0.52 per share for the quarter, up from their previous forecast of $0.50. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.10 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.58 EPS, FY2024 earnings at $2.14 EPS, Q1 2025 earnings at $0.44 EPS, Q2 2025 earnings at $1.28 EPS and FY2025 earnings at $2.30 EPS.
PBA has been the topic of a number of other reports. TD Securities reduced their price target on shares of Pembina Pipeline from C$54.00 to C$50.00 in a research report on Tuesday, August 8th. Stifel Nicolaus started coverage on shares of Pembina Pipeline in a report on Wednesday, June 21st. They set a “buy” rating for the company. StockNews.com assumed coverage on shares of Pembina Pipeline in a report on Thursday, August 17th. They set a “hold” rating for the company. BMO Capital Markets cut their price objective on shares of Pembina Pipeline from C$54.00 to C$50.00 in a report on Friday, August 4th. Finally, Credit Suisse Group cut their price objective on shares of Pembina Pipeline from C$52.00 to C$51.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.86.
Pembina Pipeline Price Performance
PBA opened at $31.00 on Monday. Pembina Pipeline has a one year low of $29.59 and a one year high of $36.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.62 and a quick ratio of 0.52. The company’s 50 day simple moving average is $30.91 and its 200-day simple moving average is $31.55. The stock has a market capitalization of $17.03 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 4.92 and a beta of 1.28.
Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last posted its quarterly earnings data on Thursday, August 3rd. The pipeline company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. Pembina Pipeline had a return on equity of 14.16% and a net margin of 28.87%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Viking Fund Management LLC raised its position in Pembina Pipeline by 0.6% in the second quarter. Viking Fund Management LLC now owns 60,330 shares of the pipeline company’s stock worth $1,897,000 after acquiring an additional 330 shares during the period. Harbour Investments Inc. grew its stake in Pembina Pipeline by 36.6% during the second quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock valued at $42,000 after acquiring an additional 361 shares in the last quarter. Advisor Partners II LLC grew its stake in Pembina Pipeline by 4.8% during the first quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company’s stock valued at $273,000 after acquiring an additional 390 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Pembina Pipeline by 1.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after acquiring an additional 438 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in Pembina Pipeline by 40.4% during the second quarter. Gradient Investments LLC now owns 1,725 shares of the pipeline company’s stock valued at $54,000 after acquiring an additional 496 shares in the last quarter. 53.86% of the stock is currently owned by institutional investors and hedge funds.
Pembina Pipeline Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 6.50%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, September 14th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 53.68%.
Pembina Pipeline Company Profile
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
- Five stocks we like better than Pembina Pipeline
- Canadian Penny Stocks: Can They Make You Rich?
- 5 Reasons Apple’s New Phone Moves the Needle: 5 That It Won’t
- Investing in the Best Airline Stocks
- MarketBeat Week in Review – 9/11 – 9/15
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- China’s Jump In Car Sales Is Drawing Big Money To These Stocks
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.
