Brokers Issue Forecasts for Pembina Pipeline Co.’s Q3 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Atb Cap Markets upped their Q3 2024 EPS estimates for Pembina Pipeline in a research report issued on Monday, September 9th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $0.86 for the quarter, up from their previous forecast of $0.83. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.42 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.27 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The company had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

Other analysts also recently issued research reports about the stock. ATB Capital upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. CIBC boosted their target price on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. National Bankshares raised their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted their price objective on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, Citigroup raised their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Trading Down 0.5 %

Shares of PPL stock opened at C$55.24 on Wednesday. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$55.83. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The business has a fifty day simple moving average of C$52.83 and a 200-day simple moving average of C$50.29. The stock has a market cap of C$32.05 billion, a P/E ratio of 16.94, a P/E/G ratio of 4.80 and a beta of 1.48.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. 0.05% of the stock is currently owned by corporate insiders.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

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.