FY2024 EPS Estimate for Pembina Pipeline Cut by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Pembina Pipeline in a report released on Wednesday, January 8th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $2.51 for the year, down from their prior estimate of $2.88. 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 $0.43 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.10 EPS and FY2026 earnings at $1.72 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share 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 firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion.

Several other research firms also recently commented on PPL. JPMorgan Chase & Co. lifted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Raymond James decreased their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. BMO Capital Markets cut their target price on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Barclays set a C$63.00 price target on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of C$58.67.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$52.35 on Monday. The business’s 50-day moving average price is C$55.57 and its 200-day moving average price is C$54.82. Pembina Pipeline has a 12 month low of C$44.56 and a 12 month high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The firm has a market capitalization 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.27%. 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.