Brokers Set Expectations for Pembina Pipeline Co.’s FY2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Analysts at Atb Cap Markets cut their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Monday, September 9th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $3.17 per share for the year, down from their prior estimate of $3.18. 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 Q4 2024 earnings at $0.86 EPS and FY2026 earnings at $3.48 EPS.

PPL has been the topic of several other research reports. CIBC boosted their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Royal Bank of Canada boosted their price objective on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Scotiabank lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Sunday, May 19th. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Finally, Tudor Pickering & Holt raised their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, July 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$54.69 on Tuesday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The firm has a market cap of C$31.73 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$55.83. The stock’s 50-day moving average is C$52.90 and its 200-day moving average is C$50.35.

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

Insiders Place Their Bets

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction on 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. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be issued a $0.69 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.76 annualized dividend and a yield of 5.05%. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

About Pembina Pipeline

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.