FY2024 EPS Estimate for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Raymond James dropped their FY2024 earnings per share estimates for Pembina Pipeline in a research note issued on Wednesday, November 6th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $3.11 per share for the year, down from their prior forecast of $3.31. Raymond James currently has a “Moderate Buy” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.27 EPS and FY2026 earnings at $3.38 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued 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). The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Several other research analysts have also recently commented on the company. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. CIBC boosted their price target on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Jefferies Financial Group boosted their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. ATB Capital boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, Citigroup boosted their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$58.29.

Pembina Pipeline Trading Up 1.0 %

Shares of PPL opened at C$57.13 on Friday. 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 has a 12 month low of C$43.37 and a 12 month high of C$59.86. The stock’s 50-day moving average is C$56.79 and its two-hundred day moving average is C$53.02. The stock has a market cap of C$33.15 billion, a PE ratio of 17.48, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 4.83%. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction that occurred 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. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction that occurred 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 that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Insiders own 0.05% of the company’s stock.

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.