FY2024 EPS Forecast for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Zacks Research reduced their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Monday, December 9th. Zacks Research analyst T. Saha now anticipates 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.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The business had revenue of C$1.84 billion during 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%.

Several other equities research analysts have also commented on PPL. Wells Fargo & Company boosted their price target on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the company an "outperform" rating in a report on Friday, October 11th. BMO Capital Markets lifted their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Royal Bank of Canada raised their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$58.86.

Pembina Pipeline Price Performance

Shares of PPL traded down C$0.16 during mid-day trading on Wednesday, hitting C$55.11. The company's stock had a trading volume of 3,505,374 shares, compared to its average volume of 2,709,675. The firm has a 50-day simple moving average of C$58.00 and a 200 day simple moving average of C$54.36. Pembina Pipeline has a 1-year low of C$43.64 and a 1-year high of C$60.72. The firm has a market capitalization of C$31.98 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

Pembina Pipeline Dividend Announcement

The business 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 dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.01%. Pembina Pipeline's 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.