Equities Analysts Set Expectations for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Investment analysts at Atb Cap Markets reduced their FY2024 EPS estimates for Pembina Pipeline in a research report issued to clients and investors on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will earn $2.05 per share for the year, down from their previous forecast of $2.10. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.16 per share.

A number of other equities research analysts have also recently commented on the company. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays started coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, TD Securities began coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Trading Down 0.0 %

Shares of PBA opened at $36.66 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline has a 1-year low of $32.81 and a 1-year high of $43.44. The stock has a market cap of $21.29 billion, a price-to-earnings ratio of 15.15 and a beta of 1.25. The firm has a 50 day simple moving average of $37.28 and a 200-day simple moving average of $39.57.

Institutional Trading of Pembina Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock worth $130,501,000 after buying an additional 1,319,709 shares during the period. AGF Management Ltd. raised its holdings in shares of Pembina Pipeline by 612.7% in the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company’s stock worth $40,025,000 after purchasing an additional 929,206 shares during the period. Intact Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 83.2% in the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock valued at $81,498,000 after purchasing an additional 897,940 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after purchasing an additional 624,958 shares during the period. Finally, Kayne Anderson Capital Advisors LP increased its position in Pembina Pipeline by 15.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company’s stock worth $171,360,000 after purchasing an additional 550,491 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

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 2.9 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.