Zacks Research Issues Negative Forecast for TSE:PPL Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report issued on Monday, December 9th. Zacks Research analyst T. Saha now expects that the company will earn $2.52 per share for the year, down from their previous forecast of $2.54. 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 $0.44 EPS, Q1 2025 earnings at $0.39 EPS, Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.39 EPS, Q4 2025 earnings at $0.48 EPS, FY2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.10 EPS, Q2 2026 earnings at $0.24 EPS, Q3 2026 earnings at $0.28 EPS and FY2026 earnings at $1.71 EPS.

Several other brokerages also recently commented on PPL. JPMorgan Chase & Co. raised their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research report on Friday, October 11th. Royal Bank of Canada increased their target price on 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. National Bankshares boosted their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Finally, UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.86.

Pembina Pipeline Price Performance

TSE PPL opened at C$55.18 on Wednesday. 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 has a 12 month low of C$43.64 and a 12 month high of C$60.72. The stock has a market cap of C$32.02 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.58 and a beta of 1.48. The company’s 50 day moving average is C$58.00 and its two-hundred day moving average is C$54.36.

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

Pembina Pipeline Announces Dividend

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 issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.00%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 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.