FY2027 EPS Estimate for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Equities research analysts at Scotiabank decreased their FY2027 EPS estimates for shares of Pembina Pipeline in a research note issued on Wednesday, November 11th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.31 for the year, down from their prior forecast of $2.32. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.26 per share.

PBA has been the topic of several other research reports. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research note on Wednesday, October 14th. Canadian Imperial Bank of Commerce downgraded Pembina Pipeline from an “outperform” rating to a “hold” rating in a research report on Thursday, October 22nd. Weiss Ratings raised Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

Pembina Pipeline Price Performance

NYSE PBA opened at $50.00 on Friday. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 0.81. The stock has a market cap of $29.08 billion, a price-to-earnings ratio of 20.92 and a beta of 0.59. The company has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $46.79.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, November 5th. The pipeline company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.11. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.41 billion. Pembina Pipeline had a net margin of 24.77% and a return on equity of 12.60%. Pembina Pipeline’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS.

Hedge Funds Weigh In On Pembina Pipeline

Several large investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in shares of Pembina Pipeline in the second quarter valued at approximately $3,735,000. TD Waterhouse Canada Inc. increased its stake in shares of Pembina Pipeline by 4.4% during the third quarter. TD Waterhouse Canada Inc. now owns 2,526,260 shares of the pipeline company’s stock valued at $114,001,000 after acquiring an additional 106,462 shares during the period. NEOS Investment Management LLC raised its holdings in Pembina Pipeline by 7.4% during the second quarter. NEOS Investment Management LLC now owns 653,163 shares of the pipeline company’s stock worth $30,210,000 after purchasing an additional 45,253 shares in the last quarter. Cardinal Capital Management Inc. raised its holdings in Pembina Pipeline by 2.2% during the second quarter. Cardinal Capital Management Inc. now owns 3,634,579 shares of the pipeline company’s stock worth $167,835,000 after purchasing an additional 79,578 shares in the last quarter. Finally, Bank of Nova Scotia bought a new stake in Pembina Pipeline during the second quarter worth approximately $174,133,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be given a C$0.73 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, December 15th. Pembina Pipeline’s dividend payout ratio is currently 88.70%.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses. The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.