FY2024 Earnings Estimate for Pembina Pipeline Co. (TSE:PPL) Issued By Zacks Research

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $2.73 per share for the year, up from their previous forecast of $2.71. 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 Q2 2025 earnings at $0.77 EPS and FY2025 earnings at $2.52 EPS.

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

PPL has been the subject of a number of other research reports. National Bankshares boosted their target price on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Wells Fargo & Company upped their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. CIBC upped their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, ATB Capital increased their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of C$52.58.

Pembina Pipeline Stock Up 0.4 %

Shares of TSE PPL opened at C$47.20 on Thursday. Pembina Pipeline has a 52-week low of C$38.79 and a 52-week high of C$48.97. The business’s 50 day moving average is C$47.24 and its two-hundred day moving average is C$45.35. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47. The firm has a market cap of C$25.93 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 4.80 and a beta of 1.48.

Insider Activity

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Company insiders own 0.07% of the company’s stock.

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.