FY2024 EPS Forecast for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued on Monday, December 9th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $2.52 for the year, down from their prior forecast of $2.54. 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 $0.44 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $1.71 EPS.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada boosted their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. National Bankshares boosted their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. BMO Capital Markets upped their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$59.13.

Pembina Pipeline Stock Down 0.4 %

PPL stock opened at C$54.94 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The firm has a market capitalization of C$31.88 billion, a PE ratio of 16.79, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$43.64 and a twelve month high of C$60.72. The stock has a 50-day simple moving average of C$57.99 and a two-hundred day simple moving average of C$54.40.

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

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is 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.