Scotiabank Reduces Earnings Estimates for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Equities researchers at Scotiabank lowered their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now anticipates that the company will post earnings per share of $3.03 for the year, down from their prior forecast of $3.29. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share. Scotiabank also issued estimates for Pembina Pipeline's FY2025 earnings at $3.10 EPS.

PPL has been the topic of several other reports. Raymond James reduced their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday, December 12th. Royal Bank of Canada upped their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Wells Fargo & Company downgraded Pembina Pipeline from an "overweight" rating to an "equal weight" rating and cut their price target for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Finally, BMO Capital Markets lowered their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$58.67.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$52.35 on Monday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The business's fifty day moving average price is C$55.57 and its two-hundred day moving average price is C$54.82. The stock has a market cap of C$30.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a one year low of C$44.56 and a one year high of C$60.72.

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). 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 analyst estimates of C$2.03 billion.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date of this dividend was Monday, December 16th. 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.