Analysts Set Expectations for TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Equities research analysts at National Bank Financial reduced their FY2024 EPS estimates for Pembina Pipeline in a research note issued to investors on Wednesday, November 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $3.39 per share for the year, down from their prior estimate of $3.62. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share.

A number of other research firms also recently issued reports on PPL. Citigroup boosted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. National Bankshares boosted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a report on Friday, August 23rd. UBS Group upgraded shares of Pembina Pipeline to a "hold" rating in a report on Wednesday, September 11th. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Finally, CIBC upped their price target on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$58.29.

Pembina Pipeline Trading Up 0.7 %

Shares of Pembina Pipeline stock traded up C$0.38 on Monday, reaching C$57.38. The company had a trading volume of 412,624 shares, compared to its average volume of 2,704,739. The firm's 50 day moving average price is C$56.92 and its two-hundred day moving average price is C$53.15. The firm has a market cap of C$33.29 billion, a PE ratio of 17.48, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$43.37 and a 52-week high of C$59.86. 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 (TSE:PPL - Get Free Report) NYSE: PBA last issued its 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 return on equity of 11.89% and a net margin of 20.60%. The firm had revenue of C$1.84 billion for the quarter, compared to analysts' expectations of C$2.03 billion.

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 paid 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 4.81%. Pembina Pipeline's payout ratio is 84.66%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated 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 owned by corporate insiders.

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.