What is Atb Cap Markets' Estimate for TSE:PPL Q3 Earnings?

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Investment analysts at Atb Cap Markets cut their Q3 2024 earnings estimates for shares of Pembina Pipeline in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.79 for the quarter, down from their previous forecast of $0.86. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share.

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

Several other research analysts also recently issued reports on PPL. CIBC boosted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. National Bankshares boosted their price objective 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. Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an "outperform" rating in a report on Friday, October 11th. ATB Capital boosted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and a consensus target price of C$58.29.

Pembina Pipeline Stock Performance

PPL traded up C$0.03 during trading on Friday, hitting C$59.07. The stock had a trading volume of 1,115,671 shares, compared to its average volume of 2,766,503. The firm has a market cap of C$34.27 billion, a PE ratio of 18.11, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12 month low of C$41.84 and a 12 month high of C$59.86. 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 company has a 50 day simple moving average of C$55.89 and a 200-day simple moving average of C$52.36.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors 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 (DPR) is 84.66%.

Insider Buying and Selling

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business'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 transaction of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the company's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, 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 transaction of C$1,965,933.60. 0.05% of the stock is currently owned by 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.