Raymond James Predicts Reduced Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities research analysts at Raymond James decreased their FY2024 EPS estimates for Pembina Pipeline in a research note issued on Wednesday, November 6th. Raymond James analyst M. Barth now anticipates that the company will post earnings of $3.11 per share for the year, down from their previous forecast of $3.31. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.27 EPS and FY2026 earnings at $3.38 EPS.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. ATB Capital upped their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.29.

Pembina Pipeline Stock Performance

PPL opened at C$57.00 on Friday. 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 stock has a market capitalization of C$33.07 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 1.58 and a beta of 1.48. The company has a fifty day moving average of C$56.92 and a 200 day moving average of C$53.11. Pembina Pipeline has a fifty-two week low of C$43.37 and a fifty-two week high of C$59.86.

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

Insider Activity

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Insiders own 0.05% of the company’s stock.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 4.84%. Pembina Pipeline’s dividend payout ratio (DPR) 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.