PBA FY2027 EPS Forecast Reduced by Raymond James Financial

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) – Stock analysts at Raymond James Financial decreased their FY2027 earnings per share (EPS) estimates for shares of Pembina Pipeline in a note issued to investors on Monday, October 6th. Raymond James Financial analyst M. Barth now forecasts that the pipeline company will earn $2.34 per share for the year, down from their previous forecast of $2.41. Raymond James Financial currently has a “Outperform” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $2.15 per share.

Several other equities analysts have also commented on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bankshares raised Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Wells Fargo & Company lowered Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, National Bank Financial raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $40.95 on Tuesday. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $43.44. The business’s fifty day simple moving average is $38.33 and its 200-day simple moving average is $37.90. The firm has a market cap of $23.79 billion, a PE ratio of 19.22 and a beta of 0.76. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 6.9%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s dividend payout ratio is 97.18%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its position in Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Pembina Pipeline in the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its position in Pembina Pipeline by 53.4% in the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 467 shares in the last quarter. State of Wyoming acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $58,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Pembina Pipeline in the 2nd quarter valued at about $66,000. Institutional investors and hedge funds 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.