Zacks Research Issues Positive Forecast for TSE:PPL Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued on Tuesday, December 10th. Zacks Research analyst T. Saha now forecasts that the company will earn $2.88 per share for the year, up from their prior forecast of $2.52. 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 $0.80 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $2.97 EPS, Q1 2026 earnings at $2.03 EPS, Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $3.15 EPS.

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

A number of other research firms have also issued reports on PPL. Citigroup boosted their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday. National Bankshares boosted their price objective on 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. Raymond James decreased their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday. Finally, Wells Fargo & Company boosted their price objective on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Down 0.6 %

Shares of TSE PPL opened at C$54.61 on Friday. Pembina Pipeline has a one year low of C$43.64 and a one year high of C$60.72. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The business’s fifty day moving average price is C$57.95 and its 200-day moving average price is C$54.43. The stock has a market capitalization of C$31.69 billion, a PE ratio of 16.76, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is currently 84.66%.

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.