FY2024 EPS Estimates for TSE:PPL Increased by Analyst

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Zacks Research lifted their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $2.88 per share for the year, up from their previous 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 - Get Free Report) NYSE: PBA last announced its 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 during the quarter, compared to the consensus estimate of C$2.03 billion.

Other analysts have also issued reports about the company. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday. Citigroup increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday. UBS Group upgraded shares of Pembina Pipeline to a "hold" rating in a research report on Wednesday, September 11th. Finally, National Bankshares boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research report on Friday, August 23rd. Five equities research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$59.07.

Pembina Pipeline Price Performance

TSE:PPL traded down C$0.33 during trading hours on Friday, reaching C$54.61. 8,998,222 shares of the company were exchanged, compared to its average volume of 2,775,105. The business has a 50 day moving average of C$57.95 and a 200 day moving average of C$54.43. Pembina Pipeline has a 1-year low of C$43.64 and a 1-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 company has a market capitalization of C$31.69 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. Pembina Pipeline's dividend payout ratio (DPR) is presently 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.