Zacks Research Forecasts Lower Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research dropped their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Monday, November 25th. Zacks Research analyst T. Saha now forecasts that the company will post earnings per share of $2.54 for the year, down from their prior forecast of $3.11. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.72 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.30 EPS and FY2026 earnings at $1.82 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion.

Several other brokerages have also recently commented on PPL. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. National Bankshares increased their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. Finally, Citigroup increased their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$58.86.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$57.78 on Thursday. Pembina Pipeline has a 12 month low of C$43.64 and a 12 month high of C$60.72. The firm has a fifty day simple moving average of C$57.78 and a 200 day simple moving average of C$53.98. The stock has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is presently 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.