FY2027 EPS Estimate for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Equities research analysts at Scotiabank dropped their FY2027 earnings per share 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 of $2.31 per share for the year, down from their previous forecast of $2.32. Scotiabank 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 reports. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research report on Friday, October 16th. Canadian Imperial Bank of Commerce downgraded shares of Pembina Pipeline from an “outperform” rating to a “hold” rating in a research report on Thursday, October 22nd. Finally, BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Stock Up 0.2%

Shares of NYSE:PBA opened at $50.00 on Friday. 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 company has a fifty day simple moving average of $48.08 and a 200 day simple moving average of $46.79. The firm has a market cap of $29.08 billion, a PE ratio of 20.92 and a beta of 0.59. Pembina Pipeline has a 12-month low of $36.20 and a 12-month high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.44 by $0.11. Pembina Pipeline had a return on equity of 12.60% and a net margin of 24.77%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue was up 21.7% on a year-over-year basis.

Pembina Pipeline Dividend Announcement

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

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Cardinal Capital Management Inc. raised its position in shares of Pembina Pipeline by 102.4% during the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company’s stock worth $329,243,000 after purchasing an additional 3,721,819 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Pembina Pipeline during the 2nd quarter valued at approximately $285,738,000. Canada Pension Plan Investment Board acquired a new position in Pembina Pipeline during the 2nd quarter valued at approximately $264,907,000. Deutsche Bank AG bought a new position in Pembina Pipeline during the 2nd quarter worth $262,233,000. Finally, Legal & General Group Plc bought a new position in Pembina Pipeline during the 2nd quarter worth $199,230,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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.