National Bank Financial Predicts TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share estimates for Pembina Pipeline in a report issued on Wednesday, November 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $3.39 per share for the year, down from their prior estimate of $3.62. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data 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 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 analysts’ expectations of C$2.03 billion.

A number of other research firms have also recently weighed in on PPL. Citigroup increased their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Jefferies Financial Group lifted 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 report on Monday, July 29th. Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Friday, October 11th. National Bankshares lifted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of C$58.29.

Pembina Pipeline Stock Performance

TSE PPL opened at C$57.79 on Monday. The firm has a market cap of C$33.53 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$43.37 and a 52-week high of C$59.86. The business’s 50-day moving average price is C$56.99 and its 200 day moving average price is C$53.21. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Insider Buying and Selling 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 shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In other news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction 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. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction 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. 0.05% of the stock is owned by corporate insiders.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.78%. 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.