Q3 2024 Earnings Estimate for Pembina Pipeline Co. Issued By Atb Cap Markets (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Atb Cap Markets upped their Q3 2024 earnings per share estimates for shares of Pembina Pipeline in a research note issued to investors on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.84 per share for the quarter, up from their previous estimate of $0.82. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.15 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.86 EPS and FY2026 earnings at $3.82 EPS.

PPL has been the topic of a number of other reports. TD Securities upped their price objective on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Scotiabank upped their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Sunday, May 19th. Wells Fargo & Company upped their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. ATB Capital upped their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Finally, Jefferies Financial Group upped their target price on Pembina Pipeline from C$54.00 to C$55.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$54.50.

Pembina Pipeline Stock Down 0.3 %

TSE:PPL opened at C$50.76 on Monday. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. The firm has a market capitalization of C$29.42 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$51.59. The stock’s 50 day moving average price is C$49.91 and its two-hundred day moving average price is C$47.74.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%.

Insiders Place Their Bets

In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were acquired at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total value of C$1,098,764.74. Also, Director Henry William Sykes bought 1,984 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Insiders have sold 56,037 shares of company stock worth $2,822,669 in the last ninety days. 0.04% of the stock is currently owned by insiders.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Monday, June 17th. Pembina Pipeline’s dividend payout ratio is currently 88.75%.

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.