Atb Cap Markets Comments on Pembina Pipeline Co.’s Q1 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Atb Cap Markets issued their Q1 2024 earnings estimates for shares of Pembina Pipeline in a note issued to investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood anticipates that the company will post earnings per share of $0.83 for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share.

PPL has been the subject of several other reports. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. ATB Capital increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Jefferies Financial Group increased their target price on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, TD Securities increased their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$53.08.

Pembina Pipeline Stock Performance

TSE:PPL opened at C$48.78 on Thursday. The firm has a 50 day simple moving average of C$47.55 and a 200-day simple moving average of C$45.66. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The firm has a market cap of C$26.80 billion, a PE ratio of 16.31, a P/E/G ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$38.79 and a 1-year high of C$48.97.

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

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Director Henry William Sykes acquired 1,984 shares of the business’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, with a total value of C$96,098.02. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction 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. Also, Director Henry William Sykes purchased 1,984 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Insiders own 0.07% of the company’s stock.

Pembina Pipeline Company Profile

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.