Research Analysts Set Expectations for Pembina Pipeline Co.’s Q2 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for Pembina Pipeline in a research note issued on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $0.56 per share for the quarter, up from their prior estimate of $0.53. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.84 EPS, Q1 2026 earnings at $1.05 EPS and FY2026 earnings at $3.49 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%.

A number of other research firms have also commented on PPL. Citigroup boosted their price objective on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. ATB Capital boosted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Stifel Nicolaus boosted their target price on Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Jefferies Financial Group boosted their target price on Pembina Pipeline from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Securities boosted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.58.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$47.01 on Wednesday. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The firm has a market cap of C$25.83 billion, a P/E ratio of 15.72, a P/E/G ratio of 4.80 and a beta of 1.48. The business’s fifty day moving average is C$47.21 and its two-hundred day moving average is C$45.34. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$48.97.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. Also, Director Henry William Sykes purchased 1,984 shares of the stock in a transaction on Tuesday, April 9th. The stock was acquired at an average price of C$48.44 per share, with a total value of C$96,098.02. 0.07% of the stock is currently owned by corporate 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.