FY2024 EPS Estimates for TSE:PPL Raised by Zacks Research

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a report issued on Tuesday, December 10th. Zacks Research analyst T. Saha now anticipates that the company will post earnings of $2.88 per share for the year, up from their prior forecast 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 research analysts have also recently issued research reports about the stock. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday. Citigroup upped their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Raymond James set a C$63.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th. National Bankshares increased their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of C$59.13.

Pembina Pipeline Trading Down 0.4 %

Shares of PPL opened at C$54.94 on Friday. The stock has a fifty day moving average price of C$57.99 and a two-hundred day moving average price of C$54.40. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a 52-week low of C$43.64 and a 52-week high of C$60.72. The company has a market cap of C$31.88 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.58 and a beta of 1.48.

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

Pembina Pipeline Dividend Announcement

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