Q3 2024 Earnings Forecast for Pembina Pipeline Co. (TSE:PPL) Issued By Atb Cap Markets

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Stock analysts at Atb Cap Markets boosted their Q3 2024 earnings estimates for Pembina Pipeline in a research note issued to investors on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $0.84 per share for the quarter, up from their prior estimate of $0.82. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.15 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.86 EPS and FY2026 earnings at $3.82 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%.

A number of other analysts also recently issued reports on PPL. Stifel Nicolaus lifted their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. National Bankshares raised their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research report on Wednesday, June 26th. CIBC upped their target price on shares of Pembina Pipeline from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 26th. Finally, BMO Capital Markets raised their price target on Pembina Pipeline from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, June 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$54.50.

Pembina Pipeline Stock Performance

The stock has a market capitalization of C$29.42 billion, a P/E ratio of 16.32, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$51.59. The stock has a 50-day simple moving average of C$49.91 and a two-hundred day simple moving average of C$47.74. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Stuart Taylor sold 29,034 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related news, Senior Officer Stuart Taylor sold 29,034 shares of Pembina Pipeline stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. Also, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Insiders sold 56,037 shares of company stock worth $2,822,669 in the last three months. 0.04% of the stock is owned by insiders.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of ?. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Monday, June 17th. Pembina Pipeline’s payout ratio is presently 88.75%.

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.