Pembina Pipeline Co. to Post FY2022 Earnings of $1.94 Per Share, Raymond James Forecasts (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) – Equities research analysts at Raymond James increased their FY2022 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued to investors on Tuesday, April 19th. Raymond James analyst A. Bradford now anticipates that the pipeline company will post earnings of $1.94 per share for the year, up from their prior estimate of $1.92. Raymond James also issued estimates for Pembina Pipeline’s FY2023 earnings at $1.94 EPS.

Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last posted its quarterly earnings results on Thursday, February 24th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.94 billion. Pembina Pipeline had a net margin of 13.81% and a return on equity of 10.00%. The firm’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter last year, the business posted $0.42 EPS.

A number of other brokerages have also commented on PBA. Royal Bank of Canada lifted their price target on shares of Pembina Pipeline from C$48.00 to C$49.00 in a report on Thursday, March 3rd. StockNews.com started coverage on shares of Pembina Pipeline in a report on Thursday, March 31st. They issued a “hold” rating on the stock. BMO Capital Markets upgraded shares of Pembina Pipeline from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 1st. Scotiabank boosted their target price on shares of Pembina Pipeline from C$49.00 to C$54.00 in a report on Tuesday. Finally, National Bank Financial upped their price objective on shares of Pembina Pipeline from C$44.00 to C$45.00 in a report on Thursday, March 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Pembina Pipeline currently has an average rating of “Buy” and a consensus target price of $45.25.

Shares of NYSE:PBA opened at $38.52 on Thursday. The firm has a market cap of $21.20 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 5.98 and a beta of 1.35. The firm’s fifty day moving average is $36.73 and its 200-day moving average is $33.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.36 and a current ratio of 0.52. Pembina Pipeline has a 52 week low of $28.89 and a 52 week high of $41.21.

Hedge funds have recently modified their holdings of the business. Syverson Strege & Co bought a new stake in Pembina Pipeline in the 4th quarter worth about $26,000. Achmea Investment Management B.V. bought a new position in shares of Pembina Pipeline during the 3rd quarter valued at approximately $29,000. M&R Capital Management Inc. bought a new position in shares of Pembina Pipeline during the 4th quarter valued at approximately $29,000. Rockefeller Capital Management L.P. bought a new position in shares of Pembina Pipeline during the 3rd quarter valued at approximately $31,000. Finally, Trust Co. of Vermont bought a new position in shares of Pembina Pipeline during the 4th quarter valued at approximately $30,000. 53.42% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, April 25th will be given a $0.168 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 5.23%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.17. The ex-dividend date is Friday, April 22nd. Pembina Pipeline’s dividend payout ratio is presently 126.75%.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage 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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