Zacks Research Has Bearish Estimate for PBA FY2024 Earnings

Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL - Stock analysts at Zacks Research cut their FY2024 EPS estimates for Pembina Pipeline in a report released on Tuesday, December 10th. Zacks Research analyst T. Saha now anticipates that the pipeline company will earn $2.12 per share for the year, down from their previous estimate of $2.13. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.26 per share. Zacks Research also issued estimates for Pembina Pipeline's Q4 2024 earnings at $0.59 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $2.19 EPS, Q1 2026 earnings at $1.49 EPS and FY2026 earnings at $2.32 EPS.

A number of other equities research analysts have also recently commented on the company. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a "neutral" rating for the company. Barclays started coverage on shares of Pembina Pipeline in a research report on Thursday. They issued an "overweight" rating for the company. Raymond James started coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating for the company. Finally, Citigroup lifted their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of "Hold" and an average target price of $56.50.

Pembina Pipeline Stock Down 0.9 %

Pembina Pipeline stock traded down $0.34 during midday trading on Thursday, reaching $38.62. The stock had a trading volume of 730,289 shares, compared to its average volume of 1,131,362. The company has a fifty day moving average price of $41.73 and a two-hundred day moving average price of $39.65. Pembina Pipeline has a 12 month low of $32.39 and a 12 month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $22.42 billion, a P/E ratio of 15.94 and a beta of 1.24.

Hedge Funds Weigh In On Pembina Pipeline

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

Pembina Pipeline Increases Dividend

The business also recently declared 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. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's dividend payout ratio is presently 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.