Atb Cap Markets Forecasts TSE:PPL FY2024 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Equities researchers at Atb Cap Markets lowered their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $3.14 for the year, down from their prior forecast of $3.17. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

PPL has been the topic of several other research reports. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Citigroup raised their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. BMO Capital Markets upped their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. CIBC raised their target price on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Finally, Royal Bank of Canada upped their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$58.29.

Pembina Pipeline Stock Up 0.1 %

Pembina Pipeline stock opened at C$59.07 on Thursday. Pembina Pipeline has a fifty-two week low of C$41.84 and a fifty-two week high of C$59.86. The firm has a market capitalization of C$34.27 billion, a PE ratio of 18.11, a P/E/G ratio of 1.58 and a beta of 1.48. The company’s 50-day moving average is C$55.89 and its 200-day moving average is C$52.36. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Insider Buying and Selling at Pembina Pipeline

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

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 annualized dividend and a yield of 4.67%. Pembina Pipeline’s dividend payout ratio 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.