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

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Atb Cap Markets decreased their FY2024 EPS estimates for Pembina Pipeline in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will earn $3.14 per share for the year, down from their previous forecast of $3.17. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share.

A number of other research analysts also recently weighed in on PPL. UBS Group raised shares of Pembina Pipeline to a "hold" rating in a research report on Wednesday, September 11th. Citigroup increased their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. JPMorgan Chase & Co. increased their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a "hold" rating in a research note on Thursday, October 3rd. National Bankshares increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a "sector perform" rating in a research note on Friday, August 23rd. Finally, ATB Capital increased their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$58.29.

Pembina Pipeline Stock Up 0.2 %

Shares of PPL stock traded up C$0.10 during trading hours on Thursday, hitting C$59.04. 885,857 shares of the company were exchanged, compared to its average volume of 2,774,496. The business has a 50 day moving average of C$55.75 and a two-hundred day moving average of C$52.29. 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 has a 52 week low of C$41.84 and a 52 week high of C$59.86. The company has a market capitalization of C$34.26 billion, a PE ratio of 18.11, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The company had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline's dividend payout ratio is presently 84.66%.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated 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. Also, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline 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 currently 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.