Scotiabank Decreases Earnings Estimates for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Scotiabank dropped their FY2024 EPS estimates for Pembina Pipeline in a note issued to investors on Wednesday, January 8th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $3.03 for the year, down from their previous forecast of $3.29. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Scotiabank also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.10 EPS.

PPL has been the topic of a number of other reports. BMO Capital Markets lowered their target price on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Finally, Raymond James reduced their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of C$58.67.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$52.35 on Monday. 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 business has a 50 day simple moving average of C$55.57 and a two-hundred day simple moving average of C$54.82. Pembina Pipeline has a 12 month low of C$44.56 and a 12 month high of C$60.72. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$2.03 billion.

Pembina Pipeline Dividend Announcement

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 $0.69 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.27%. Pembina Pipeline’s dividend payout ratio (DPR) 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.