FY2024 EPS Estimates for Pembina Pipeline Co. Lifted by Analyst (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Analysts at Zacks Research increased their FY2024 earnings estimates for shares of Pembina Pipeline in a research note issued to investors on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $2.73 per share for the year, up from their prior estimate of $2.71. 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 Q2 2025 earnings at $0.77 EPS and FY2025 earnings at $2.52 EPS.

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

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. National Bankshares boosted their price objective on shares of 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. Stifel Nicolaus boosted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.77.

Pembina Pipeline Price Performance

PPL stock opened at C$47.98 on Thursday. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$48.97. The company has a 50-day moving average price of C$47.30 and a 200 day moving average price of C$45.41. The stock has a market cap of C$26.36 billion, a PE ratio of 16.05, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47.

Insider Activity

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction 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. In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction 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. Also, Director Henry William Sykes bought 1,984 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average price of C$48.44 per share, with a total value of C$96,098.02. Insiders own 0.07% of the company’s stock.

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.