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Raymond James Predicts Lower Earnings for Pembina Pipeline

Pembina Pipeline logo with Oils/Energy background

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Investment analysts at Raymond James decreased their FY2024 EPS estimates for Pembina Pipeline in a research note issued to investors on Wednesday, November 6th. Raymond James analyst M. Barth now forecasts that the pipeline company will earn $2.24 per share for the year, down from their prior estimate of $2.45. Raymond James has a "Outperform" rating on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.38 per share. Raymond James also issued estimates for Pembina Pipeline's FY2025 earnings at $2.35 EPS and FY2026 earnings at $2.43 EPS.

A number of other research firms have also weighed in on PBA. UBS Group assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup boosted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $56.50.

Get Our Latest Report on Pembina Pipeline

Pembina Pipeline Stock Down 0.6 %

NYSE:PBA traded down $0.25 during trading hours on Friday, reaching $40.97. The company's stock had a trading volume of 627,948 shares, compared to its average volume of 713,027. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 16.93 and a beta of 1.25. Pembina Pipeline has a one year low of $31.51 and a one year high of $43.44. The business's 50-day moving average is $41.60 and its 200-day moving average is $38.80. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.55.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.21. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.44 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. Pembina Pipeline's revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.74%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio is currently 84.30%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PBA. Godsey & Gibb Inc. acquired a new position in shares of Pembina Pipeline during the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new position in Pembina Pipeline in the third quarter worth about $26,000. Blue Trust Inc. raised its position in Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after purchasing an additional 508 shares in the last quarter. CENTRAL TRUST Co raised its position in Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after purchasing an additional 325 shares in the last quarter. Finally, Beacon Capital Management LLC acquired a new position in Pembina Pipeline in the first quarter worth about $37,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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

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