FY2024 EPS Estimates for TSE:PPL Decreased by Zacks Research

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Zacks Research cut their FY2024 EPS estimates for Pembina Pipeline in a research report issued on Wednesday, January 8th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $2.51 per share for the year, down from their prior estimate 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 topic of a number of other research reports. 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. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Royal Bank of Canada upped their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of 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 stock an “overweight” rating in a research note on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of C$58.67.

Pembina Pipeline Stock Performance

PPL opened at C$52.73 on Monday. The company has a market capitalization of C$30.59 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.58 and a beta of 1.48. The business’s 50-day moving average price is C$55.34 and its two-hundred day moving average price is C$54.85. 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 1 year low of C$44.56 and a 1 year high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of C$2.03 billion.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 5.23%. Pembina Pipeline’s dividend payout ratio 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.