FY2023 EPS Estimates for Pembina Pipeline Co. Boosted by Zacks Research (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) – Investment analysts at Zacks Research increased their FY2023 earnings per share (EPS) estimates for Pembina Pipeline in a report issued on Monday, February 12th. Zacks Research analyst T. Saha now forecasts that the pipeline company will post earnings per share of $1.83 for the year, up from their prior forecast of $1.81. The consensus estimate for Pembina Pipeline’s current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2023 earnings at $0.51 EPS, Q1 2024 earnings at $0.29 EPS, Q2 2024 earnings at $0.32 EPS, Q4 2024 earnings at $0.89 EPS and FY2024 earnings at $2.03 EPS.

Several other research firms have also recently weighed in on PBA. TheStreet cut shares of Pembina Pipeline from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.00.

Read Our Latest Report on PBA

Pembina Pipeline Stock Performance

PBA stock opened at $33.90 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.68 and a quick ratio of 0.50. The company has a 50 day moving average price of $34.02 and a 200 day moving average price of $32.10. Pembina Pipeline has a fifty-two week low of $28.15 and a fifty-two week high of $35.38. The stock has a market capitalization of $18.63 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 5.02 and a beta of 1.21.

Institutional Trading of Pembina Pipeline

Several institutional investors and hedge funds have recently made changes to their positions in PBA. Alberta Investment Management Corp increased its position in shares of Pembina Pipeline by 4.2% in the 4th quarter. Alberta Investment Management Corp now owns 1,652,195 shares of the pipeline company’s stock valued at $57,161,000 after buying an additional 67,100 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Pembina Pipeline by 1.2% in the 4th quarter. Bank of Nova Scotia now owns 14,837,544 shares of the pipeline company’s stock valued at $510,857,000 after buying an additional 171,960 shares in the last quarter. Qtron Investments LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter valued at $322,000. Gold Investment Management Ltd. bought a new stake in shares of Pembina Pipeline in the 4th quarter valued at $349,000. Finally, TD Asset Management Inc boosted its stake in Pembina Pipeline by 1.8% in the 4th quarter. TD Asset Management Inc now owns 4,712,969 shares of the pipeline company’s stock worth $163,056,000 after purchasing an additional 82,852 shares during the period. Institutional investors own 53.86% of the company’s stock.

Pembina Pipeline Company Profile

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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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 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.

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Earnings History and Estimates for Pembina Pipeline (NYSE:PBA)

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