FY2024 EPS Estimate for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Equities research analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Thursday, February 6th. Atb Cap Markets analyst N. Heywood now expects that the pipeline company will earn $2.05 per share for the year, down from their prior estimate of $2.10. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.16 per share.

Several other brokerages have also weighed in on PBA. Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. TD Securities initiated coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Barclays initiated coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Hold" and a consensus price target of $56.50.

Pembina Pipeline Trading Up 1.2 %

NYSE PBA traded up $0.44 during trading hours on Monday, hitting $36.88. The company's stock had a trading volume of 1,368,265 shares, compared to its average volume of 1,448,647. The stock has a fifty day moving average of $37.07 and a 200 day moving average of $39.53. Pembina Pipeline has a twelve month low of $33.28 and a twelve month high of $43.44. The firm has a market capitalization of $21.41 billion, a P/E ratio of 15.24 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds have recently bought and sold shares of PBA. CANADA LIFE ASSURANCE Co increased its position in shares of Pembina Pipeline by 3.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 691,468 shares of the pipeline company's stock worth $25,515,000 after acquiring an additional 20,534 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Pembina Pipeline by 4.5% during the fourth quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock worth $365,000 after acquiring an additional 430 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Pembina Pipeline by 6.6% during the fourth quarter. Guggenheim Capital LLC now owns 25,055 shares of the pipeline company's stock worth $926,000 after acquiring an additional 1,543 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Pembina Pipeline during the fourth quarter worth $389,000. Finally, Barclays PLC increased its position in shares of Pembina Pipeline by 284.1% during the fourth quarter. Barclays PLC now owns 207,306 shares of the pipeline company's stock worth $7,660,000 after acquiring an additional 153,336 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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.