Zacks Research Predicts Weaker Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Analysts at Zacks Research lowered their FY2024 EPS estimates for shares of Pembina Pipeline in a research note issued on Monday, November 25th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $2.54 for the year, down from their previous estimate of $3.11. 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 $0.46 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.72 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.30 EPS and FY2026 earnings at $1.82 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data 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 return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion.

A number of other analysts have also commented on PPL. BMO Capital Markets boosted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. UBS Group raised Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company upped their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Royal Bank of Canada lifted their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, National Bankshares upped 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. Five investment analysts have rated the stock with a hold rating and seven 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 an average price target of C$58.86.

Pembina Pipeline Trading Down 0.1 %

TSE:PPL opened at C$57.71 on Thursday. The firm has a fifty day simple moving average of C$57.83 and a two-hundred day simple moving average of C$54.03. Pembina Pipeline has a 12 month low of C$43.64 and a 12 month high of C$60.72. The stock has a market capitalization of C$33.48 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.58 and a beta of 1.48. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.78%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 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.