Analysts Issue Forecasts for TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Pembina Pipeline in a research report issued on Tuesday, December 10th. Zacks Research analyst T. Saha now anticipates that the company will earn $2.88 per share for the year, up from their prior estimate of $2.52. 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 $0.80 EPS, Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.88 EPS, FY2025 earnings at $2.97 EPS, Q1 2026 earnings at $2.03 EPS, Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.50 EPS and FY2026 earnings at $3.15 EPS.

Other equities analysts have also recently issued research reports about the company. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. BMO Capital Markets boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company boosted their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Finally, National Bankshares upped their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.13.

Pembina Pipeline Trading Down 0.4 %

Shares of TSE:PPL opened at C$54.94 on Friday. The company has a market cap of C$31.88 billion, a PE ratio of 16.85, a P/E/G ratio of 1.58 and a beta of 1.48. 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 company’s 50-day moving average price is C$57.99 and its 200 day moving average price is C$54.40. Pembina Pipeline has a fifty-two week low of C$43.64 and a fifty-two week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.02%. Pembina Pipeline’s dividend payout ratio is currently 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.