TSE:PPL FY2024 EPS Lifted by National Bank Financial

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Investment analysts at National Bank Financial upped their FY2024 earnings estimates for Pembina Pipeline in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $3.40 per share for the year, up from their previous forecast of $3.39. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. National Bank Financial also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.50 EPS, FY2026 earnings at $3.69 EPS and FY2027 earnings at $3.74 EPS.

A number of other brokerages have also recently commented on PPL. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective 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. Finally, Raymond James lowered their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$58.67.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$53.12 on Thursday. The company’s 50 day simple moving average is C$55.69 and its 200-day simple moving average is C$54.80. The firm has a market cap of C$30.82 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.20%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) 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.