Pembina Pipeline Co. (TSE:PPL) to Post Q2 2024 Earnings of $0.56 Per Share, Zacks Research Forecasts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research raised their Q2 2024 earnings per share estimates for Pembina Pipeline in a note issued to investors on Tuesday, April 16th. Zacks Research analyst T. Saha now expects that the company will earn $0.56 per share for the quarter, up from their previous estimate of $0.53. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.84 EPS, Q1 2026 earnings at $1.05 EPS and FY2026 earnings at $3.49 EPS.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Citigroup upped their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. National Bankshares upped their target price on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, ATB Capital upped their target price on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$52.58.

Pembina Pipeline Trading Up 0.4 %

TSE:PPL opened at C$47.20 on Wednesday. The stock has a fifty day moving average price of C$47.24 and a two-hundred day moving average price of C$45.35. The stock has a market capitalization of C$25.93 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$48.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. In other Pembina Pipeline news, Director Henry William Sykes acquired 1,984 shares of the stock in a transaction on Tuesday, April 9th. The stock was purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. Company insiders own 0.07% of the company’s stock.

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.