Zacks Research Expects Weaker Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Zacks Research lowered their FY2024 EPS estimates for Pembina Pipeline in a report issued on Monday, December 9th. Zacks Research analyst T. Saha now expects that the company will post earnings of $2.52 per share for the year, down from their prior estimate of $2.54. 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 $0.44 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $1.71 EPS.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. Citigroup lifted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th. Finally, BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$58.86.

Pembina Pipeline Stock Down 0.2 %

Shares of TSE PPL opened at C$55.18 on Wednesday. The firm has a fifty day simple moving average of C$58.00 and a two-hundred day simple moving average of C$54.36. Pembina Pipeline has a 12 month low of C$43.64 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$32.02 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

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.