FY2024 EPS Estimates for TSE:PPL Reduced by Atb Cap Markets

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a report issued on Wednesday, November 6th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $2.92 per share for the year, down from their previous 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.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its quarterly earnings data 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). The firm had revenue of C$1.84 billion for the quarter, compared to analysts' expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%.

PPL has been the topic of several other research reports. National Bankshares boosted their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Citigroup raised their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Royal Bank of Canada raised their price objective 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. UBS Group upgraded shares of Pembina Pipeline to a "hold" rating in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group lifted their target price on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$58.29.

Pembina Pipeline Stock Down 0.2 %

PPL stock traded down C$0.13 during trading on Friday, reaching C$57.00. The stock had a trading volume of 1,356,588 shares, compared to its average volume of 2,715,302. 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 fifty day moving average price of C$56.79 and a 200 day moving average price of C$53.02. The company has a market capitalization of C$33.07 billion, a P/E ratio of 17.52, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$43.37 and a 1-year high of C$59.86.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company's 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 value of C$1,965,933.60. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, 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 transaction of C$213,251.68. 0.05% of the stock is currently owned by insiders.

Pembina Pipeline Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.84%. 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.