Q2 2024 Earnings Forecast for Pembina Pipeline Co. (NYSE:PBA) Issued By Zacks Research

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Equities researchers at Zacks Research upped their Q2 2024 earnings per share estimates for Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.40. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.28 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.54 EPS, Q4 2024 earnings at $0.62 EPS, Q1 2026 earnings at $0.78 EPS and FY2026 earnings at $2.59 EPS.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%.

Other equities analysts also recently issued reports about the company. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded down $0.06 during midday trading on Wednesday, hitting $34.14. 681,801 shares of the company’s stock were exchanged, compared to its average volume of 1,054,716. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The stock’s 50 day moving average price is $34.81 and its 200-day moving average price is $33.45. The firm has a market cap of $19.78 billion, a P/E ratio of 15.48, a PEG ratio of 5.05 and a beta of 1.20. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $36.17.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.4944 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.79%. Pembina Pipeline’s payout ratio is presently 89.14%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PBA. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after buying an additional 438 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Pembina Pipeline by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after buying an additional 3,604 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Pembina Pipeline by 53.4% in the first quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock valued at $1,492,000 after buying an additional 13,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Pembina Pipeline by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock valued at $656,000 after buying an additional 1,420 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Pembina Pipeline by 20.3% in the first quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock valued at $1,478,000 after buying an additional 6,629 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

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.