TSE:PPL FY2024 EPS Forecast Cut by National Bank Financial

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Investment analysts at National Bank Financial lowered their FY2024 earnings estimates for shares of Pembina Pipeline in a research note issued on Wednesday, November 6th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $3.39 per share for the year, down from their prior estimate of $3.62. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

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

Other equities analysts have also issued research reports about the stock. CIBC increased their target price on shares of Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. Royal Bank of Canada raised their price objective on 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. National Bankshares boosted their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Jefferies Financial Group raised their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, ATB Capital boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.29.

Pembina Pipeline Stock Up 1.2 %

Shares of PPL opened at C$57.69 on Monday. The firm has a market cap of C$33.47 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1 year low of C$43.37 and a 1 year high of C$59.86. The stock has a 50 day simple moving average of C$56.92 and a two-hundred day simple moving average of C$53.15. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 4.78%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is currently 84.66%.

Insiders Place Their Bets

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

Pembina Pipeline Company Profile

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.