Atb Cap Markets Has Bearish Estimate for TSE:PPL Q3 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Atb Cap Markets reduced their Q3 2024 earnings per share estimates for Pembina Pipeline in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.79 per share for the quarter, down from their prior forecast of $0.86. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

A number of other analysts have also recently commented on PPL. ATB Capital lifted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. BMO Capital Markets lifted their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Tudor Pickering & Holt raised their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$58.29.

Pembina Pipeline Price Performance

Shares of PPL opened at C$59.07 on Friday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a 1-year low of C$41.84 and a 1-year high of C$59.86. The stock has a market cap of C$34.27 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm has a fifty day moving average price of C$56.02 and a 200 day moving average price of C$52.41.

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

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated 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 that occurred on Tuesday, August 20th. The stock was 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.

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.