FY2024 EPS Estimate for Pembina Pipeline Lowered by Analyst

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Analysts at Raymond James cut their FY2024 earnings per share (EPS) estimates for Pembina Pipeline in a note issued to investors on Wednesday, November 6th. Raymond James analyst M. Barth now expects that the company will earn $3.11 per share for the year, down from their prior forecast of $3.31. Raymond James has a “Moderate Buy” rating on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.27 EPS and FY2026 earnings at $3.38 EPS.

A number of other brokerages also recently commented on PPL. ATB Capital increased their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Citigroup boosted their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Royal Bank of Canada boosted their target price 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, JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.29.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$57.13 on Friday. Pembina Pipeline has a one year low of C$43.37 and a one year high of C$59.86. The stock has a fifty day moving average of C$56.79 and a 200-day moving average of C$53.02. The company has a market capitalization of C$33.15 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

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 analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction 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 dated 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 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. Company insiders own 0.05% of the company’s stock.

Pembina Pipeline Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is 84.66%.

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.