Q3 2024 EPS Estimates for Pembina Pipeline Co. Lifted by Atb Cap Markets (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Analysts at Atb Cap Markets upped their Q3 2024 EPS estimates for Pembina Pipeline in a research note issued on Monday, September 9th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.86 per share for the quarter, up from their previous estimate of $0.83. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.42 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.82 EPS, Q3 2025 earnings at $0.81 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.27 EPS.

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

Several other research analysts have also recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Scotiabank boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a research report on Sunday, May 19th. ATB Capital upped their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Royal Bank of Canada raised their target price on Pembina Pipeline from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, BMO Capital Markets boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Stock Down 1.0 %

Shares of TSE PPL opened at C$54.69 on Wednesday. The stock has a market capitalization of C$31.73 billion, a PE ratio of 16.78, a price-to-earnings-growth 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$55.83. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The stock’s fifty day simple moving average is C$52.90 and its two-hundred day simple moving average is C$50.35.

Insider Activity

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

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 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 5.05%. The ex-dividend date is Monday, September 16th. 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.