Pembina Pipeline Co. (TSE:PPL) Expected to Post Q4 2023 Earnings of $0.69 Per Share

Pembina Pipeline Co. (TSE:PPLFree Report) (NYSE:PBA) – Analysts at Zacks Research upped their Q4 2023 earnings per share (EPS) estimates for Pembina Pipeline in a research report issued on Monday, February 12th. Zacks Research analyst T. Saha now anticipates that the company will post earnings per share of $0.69 for the quarter, up from their prior estimate of $0.66. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.26 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q1 2024 earnings at $0.39 EPS, Q2 2024 earnings at $0.43 EPS, Q4 2024 earnings at $1.19 EPS and FY2024 earnings at $2.73 EPS.

A number of other equities analysts have also weighed in on the company. TD Securities increased their target price on Pembina Pipeline from C$51.00 to C$52.00 in a research note on Wednesday, December 20th. Stifel Nicolaus raised their price objective on Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a “buy” rating in a research note on Wednesday, December 20th. BMO Capital Markets raised their price objective on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Wednesday, December 20th. ATB Capital set a C$53.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Monday, January 15th. Finally, National Bankshares raised their price objective on Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$51.38.

View Our Latest Stock Analysis on PPL

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$45.60 on Tuesday. The firm has a market cap of C$25.05 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 71.71. Pembina Pipeline has a 1-year low of C$38.79 and a 1-year high of C$47.13. The business’s 50 day moving average is C$45.65 and its 200-day moving average is C$43.43.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,070 shares of Pembina Pipeline stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of C$45.60, for a total transaction of C$231,192.00. 0.07% of the stock is currently owned by company insiders.

Pembina Pipeline Company Profile

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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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 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.

See Also

Earnings History and Estimates for Pembina Pipeline (TSE:PPL)

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