Q3 Earnings Forecast for TSE:PPL Issued By Atb Cap Markets

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Atb Cap Markets reduced their Q3 2024 EPS estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.79 for the quarter, down from their previous estimate of $0.86. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.86 billion for the quarter, compared to analysts’ expectations of C$1.99 billion.

A number of other research analysts have also recently commented on the stock. Royal Bank of Canada increased 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. CIBC increased their target price on shares of Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Citigroup raised their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$59.07 on Friday. The stock’s 50-day moving average is C$55.89 and its 200 day moving average is C$52.36. The stock has a market cap of C$34.27 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$41.84 and a 1-year high of C$59.86. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.67%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.66%.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated 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. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’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 company insiders.

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.