Zacks Research Issues Negative Estimate for TSE:PPL Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Zacks Research lowered their FY2024 earnings estimates for shares of Pembina Pipeline in a report issued on Wednesday, January 8th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $2.51 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.

PPL has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on shares of 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 increased their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets dropped their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Raymond James cut their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.67.

Pembina Pipeline Trading Down 1.4 %

Shares of PPL opened at C$52.35 on Monday. The stock’s fifty day simple moving average is C$55.57 and its 200-day simple moving average is C$54.82. 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 firm has a market capitalization of C$30.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of C$2.03 billion.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.27%. Pembina Pipeline’s payout ratio is presently 84.66%.

About Pembina Pipeline

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.