Scotiabank Boosts Earnings Estimates for Pembina Pipeline

Key Points

• Scotiabank raised Pembina Pipeline’s FY2026 EPS estimate slightly to $2.35 from $2.34 and projects FY2027 EPS of $2.34. The firm maintains a “Sector Perform” rating, while analysts overall assign the stock a “Moderate Buy” consensus rating with a $64 target price.
• Pembina’s latest quarterly results narrowly missed expectations, reporting $0.48 EPS versus the $0.49 consensus and revenue of $1.07 billion versus $1.46 billion expected. Revenue nevertheless increased 20.1% year over year.
• The company declared a quarterly dividend of $0.735, equivalent to $2.94 annually and a 6.1% yield. Institutional investors and hedge funds own approximately 55.37% of Pembina’s shares.

Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL - Research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report released on Tuesday, August 4th. Scotiabank analyst R. Hope now forecasts that the pipeline company will post earnings per share of $2.35 for the year, up from their prior estimate of $2.34. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $2.20 per share. Scotiabank also issued estimates for Pembina Pipeline's FY2027 earnings at $2.34 EPS.

Several other research firms have also commented on PBA. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. BMO Capital Markets reaffirmed a "market perform" rating on shares of Pembina Pipeline in a research report on Friday, July 31st. TD Securities reiterated a "buy" rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. Wall Street Zen raised shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an "outperform" rating in a research note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Pembina Pipeline Price Performance

PBA opened at $48.04 on Friday. The business's 50-day moving average is $48.35 and its two-hundred day moving average is $45.77. Pembina Pipeline has a 1 year low of $35.45 and a 1 year high of $51.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.68. The firm has a market capitalization of $27.93 billion, a PE ratio of 23.55 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the company earned $0.65 earnings per share. The company's revenue for the quarter was up 20.1% compared to the same quarter last year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.1%. Pembina Pipeline's dividend payout ratio (DPR) is currently 100.98%.

Institutional Investors Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently made changes to their positions in PBA. Western Wealth Management LLC purchased a new position in Pembina Pipeline in the 1st quarter worth $25,000. Tobam purchased a new stake in Pembina Pipeline during the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new stake in Pembina Pipeline during the 2nd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pembina Pipeline in the third quarter valued at about $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pembina Pipeline in the fourth quarter valued at about $36,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

About Pembina Pipeline

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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