Zacks Research Issues Positive Estimate for TSE:PPL Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research report issued on Tuesday, December 10th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $2.88 per share for the year, up from their previous 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.

Several other research firms have also commented on PPL. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday. Citigroup boosted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. BMO Capital Markets decreased their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company increased their target price on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Down 0.6 %

PPL stock opened at C$54.61 on Friday. The stock has a market capitalization of C$31.69 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72. The firm has a 50-day simple moving average of C$57.90 and a 200-day simple moving average of C$54.47. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data 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 net margin of 20.60% and a return on equity of 11.89%. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is 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.