Analysts Offer Predictions for TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Investment analysts at National Bank Financial boosted their FY2024 EPS estimates for Pembina Pipeline in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $3.40 per share for the year, up from their previous 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.

A number of other brokerages have also weighed in on PPL. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. raised 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. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Raymond James reduced their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$58.67.

Pembina Pipeline Stock Up 1.0 %

Shares of Pembina Pipeline stock opened at C$53.16 on Thursday. The stock has a market capitalization of C$30.84 billion, a price-to-earnings ratio of 16.31, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$44.56 and a 52-week high of C$60.72. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The company’s 50 day moving average price is C$55.79 and its 200-day moving average price is C$54.77.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its 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 during the quarter, compared to analysts’ expectations of C$2.03 billion.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.19%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s payout ratio is 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.