FY2024 EPS Estimate for Pembina Pipeline Boosted by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at National Bank Financial lifted their FY2024 earnings estimates for Pembina Pipeline in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $3.40 per share for the year, up from their prior estimate of $3.39. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.50 EPS, FY2026 earnings at $3.69 EPS and FY2027 earnings at $3.74 EPS.

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

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Raymond James dropped their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Royal Bank of Canada increased their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.67.

Pembina Pipeline Trading Down 0.1 %

Shares of PPL stock opened at C$53.12 on Thursday. The company has a 50-day moving average of C$55.69 and a two-hundred day moving average of C$54.80. The firm has a market cap of C$30.82 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$44.56 and a 1-year 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 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. This represents a $2.76 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline’s dividend payout ratio 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.