National Bank Financial Comments on TSE:PPL FY2024 Earnings

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

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 the consensus estimate 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 company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion.

Other analysts also recently issued reports about the company. Raymond James lowered their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their target price for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of C$58.67.

Pembina Pipeline Trading Up 1.0 %

TSE PPL opened at C$53.16 on Thursday. The company’s fifty day simple moving average is C$55.79 and its 200-day simple moving average is C$54.77. The stock has a market cap of C$30.84 billion, a P/E ratio of 16.31, a PEG 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 current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis 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.