National Bank Financial Comments on TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Equities research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Pembina Pipeline in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.40 for the year, up from their prior estimate of $3.39. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share. National Bank Financial also issued estimates for Pembina Pipeline's FY2025 earnings at $3.50 EPS, FY2026 earnings at $3.69 EPS and FY2027 earnings at $3.74 EPS.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a research note on Thursday, October 3rd. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an "overweight" rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Wells Fargo & Company cut shares of Pembina Pipeline from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Finally, Raymond James dropped their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average target price of C$58.67.

Pembina Pipeline Price Performance

Shares of TSE PPL traded down C$0.04 during midday trading on Thursday, reaching C$53.12. The stock had a trading volume of 647,823 shares, compared to its average volume of 1,695,948. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The stock has a 50-day moving average of C$55.69 and a 200-day moving average of C$54.80. The company has a market capitalization of C$30.82 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (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 firm had revenue of C$1.84 billion during the quarter, compared to analysts' expectations of C$2.03 billion.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.20%. Pembina Pipeline's payout ratio 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.