FY2024 EPS Forecast for Pembina Pipeline Reduced by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report released on Wednesday, November 6th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $2.92 per share for the year, down from their prior forecast of $3.14. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.84 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.77 EPS, Q3 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.82 EPS and FY2026 earnings at $3.36 EPS.

PPL has been the topic of several other reports. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Monday, July 29th. BMO Capital Markets lifted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. National Bankshares upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Trading Down 0.2 %

TSE:PPL opened at C$57.00 on Friday. The firm’s 50 day moving average is C$56.92 and its 200 day moving average is C$53.11. Pembina Pipeline has a 12 month low of C$43.37 and a 12 month high of C$59.86. The stock has a market capitalization of C$33.07 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced 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). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.84%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Corporate insiders own 0.05% 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.