FY2024 EPS Estimate for Pembina Pipeline Lifted by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.40 for the year, up from their previous forecast of $3.39. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.50 EPS, FY2026 earnings at $3.69 EPS and FY2027 earnings at $3.74 EPS.

Several other research firms have also issued reports on PPL. Royal Bank of Canada lifted their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Raymond James dropped their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Finally, BMO Capital Markets decreased their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$58.67.

Pembina Pipeline Stock Down 1.4 %

Shares of TSE:PPL opened at C$52.35 on Thursday. The company has a market cap of C$30.37 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a one year low of C$44.56 and a one year high of C$60.72. The firm has a fifty day moving average price of C$55.57 and a two-hundred day moving average price of C$54.82. 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 (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.27%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 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.