Atb Cap Markets Has Pessimistic View of PBA Q3 Earnings

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) – Atb Cap Markets cut their Q3 2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the pipeline company will post earnings per share of $0.57 for the quarter, down from their previous estimate of $0.64. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.40 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s FY2024 earnings at $2.26 EPS.

Other analysts have also issued research reports about the company. Citigroup boosted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They issued a “neutral” rating for the company. Finally, Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $42.61 on Friday. The stock’s fifty day simple moving average is $41.06 and its 200 day simple moving average is $38.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 5.97 and a beta of 1.25. Pembina Pipeline has a one year low of $30.25 and a one year high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.21. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. Pembina Pipeline’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.69%. Pembina Pipeline’s payout ratio is currently 85.00%.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently made changes to their positions in the company. Mediolanum International Funds Ltd bought a new stake in shares of Pembina Pipeline during the first quarter worth $1,745,000. Quantbot Technologies LP increased its holdings in Pembina Pipeline by 10,862.7% in the first quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 32,045 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Pembina Pipeline by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock valued at $45,360,000 after purchasing an additional 29,743 shares during the last quarter. Cetera Advisors LLC increased its holdings in Pembina Pipeline by 248.9% in the first quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after purchasing an additional 22,790 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Pembina Pipeline by 13,721.7% in the first quarter. Hillsdale Investment Management Inc. now owns 72,702 shares of the pipeline company’s stock valued at $2,567,000 after purchasing an additional 72,176 shares during 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.