FY2024 Earnings Forecast for TSE:PPL Issued By Raymond James

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Raymond James lowered their FY2024 earnings per share estimates for shares of Pembina Pipeline in a research note issued to investors on Wednesday, November 6th. Raymond James analyst M. Barth now anticipates that the company will earn $3.11 per share for the year, down from their previous estimate of $3.31. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.27 EPS and FY2026 earnings at $3.38 EPS.

Other analysts have also recently issued research reports about the company. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Royal Bank of Canada lifted their target price 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. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Finally, Citigroup lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of C$58.29.

Pembina Pipeline Trading Down 0.2 %

Shares of TSE:PPL opened at C$57.00 on Friday. The firm has a fifty day moving average of C$56.92 and a two-hundred day moving average of C$53.11. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$43.37 and a 12-month high of C$59.86. The firm has a market capitalization of C$33.07 billion, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted 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). The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 4.84%. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Insider Buying and Selling

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s 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. Also, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction 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 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.