Zacks Research Has Pessimistic View of PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a report released on Monday, November 25th. Zacks Research analyst T. Saha now expects that the pipeline company will post earnings per share of $2.15 for the year, down from their previous forecast of $2.30. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.29 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.62 EPS, Q1 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.58 EPS, Q4 2025 earnings at $0.69 EPS, Q1 2026 earnings at $1.53 EPS, Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.41 EPS and FY2026 earnings at $2.48 EPS.

PBA has been the topic of a number of other research reports. UBS Group started coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Citigroup raised their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $41.19 on Thursday. The company’s 50-day moving average is $41.99 and its two-hundred day moving average is $39.44. Pembina Pipeline has a 1 year low of $32.39 and a 1 year high of $43.44. The company has a market cap of $23.91 billion, a PE ratio of 17.02 and a beta of 1.25. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Godsey & Gibb Inc. bought a new position in shares of Pembina Pipeline during the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth about $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $28,000. Finally, Blue Trust Inc. raised its holdings in Pembina Pipeline by 223.8% during the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 508 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. The ex-dividend date is Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 6.70%. Pembina Pipeline’s payout ratio is currently 84.30%.

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.