FY2024 EPS Estimates for TSE:PPL Cut by Atb Cap Markets

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Investment analysts at Atb Cap Markets decreased their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research report issued on Wednesday, November 6th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $2.92 per share for the year, down from their prior forecast of $3.14. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.82 EPS and FY2026 earnings at $3.36 EPS.

PPL has been the topic of a number of other research reports. Citigroup boosted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. ATB Capital boosted their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Finally, Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$58.29.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$57.00 on Friday. The firm has a market cap of C$33.07 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s fifty day simple moving average is C$56.92 and its two-hundred day simple moving average is C$53.11. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$43.37 and a 12-month high of C$59.86.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued 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). The firm had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.84%. Pembina Pipeline’s payout ratio is currently 84.66%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction on 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 other news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline 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 stock in a transaction that occurred 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 currently owned by insiders.

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.