Atb Cap Markets Comments on Pembina Pipeline Co.’s Q3 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Atb Cap Markets upped their Q3 2024 EPS estimates for Pembina Pipeline in a report released on Monday, September 9th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.86 per share for the quarter, up from their previous estimate 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.

Several other analysts have also issued reports on the stock. Scotiabank upped their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Sunday, May 19th. Jefferies Financial Group increased their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. CIBC boosted their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Citigroup increased their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Finally, BMO Capital Markets boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$55.39 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The firm has a fifty day simple moving average of C$52.99 and a two-hundred day simple moving average of C$50.38. The firm has a market capitalization of C$32.14 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$55.83.

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

Insider Transactions at Pembina Pipeline

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

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.98%. Pembina Pipeline’s dividend 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.