Zacks Research Cuts Earnings Estimates for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Zacks Research cut their FY2024 earnings estimates for Pembina Pipeline in a research report issued on Wednesday, January 8th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $2.51 per share for the year, down from their prior forecast of $2.88. 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 $0.43 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.49 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $0.25 EPS, Q3 2026 earnings at $0.27 EPS, Q4 2026 earnings at $0.10 EPS and FY2026 earnings at $1.72 EPS.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share 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 company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion.

PPL has been the subject of several other reports. Raymond James decreased their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. BMO Capital Markets lowered their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on 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. Royal Bank of Canada raised their target price on 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, Wells Fargo & Company lowered Pembina Pipeline from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$58.67.

Pembina Pipeline Stock Down 1.4 %

Shares of Pembina Pipeline stock opened at C$52.35 on Monday. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The stock has a market capitalization of C$30.37 billion, a P/E ratio of 16.06, a PEG ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The stock has a 50 day moving average price of C$55.57 and a two-hundred day moving average price of C$54.82.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid 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 is 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.