Pembina Pipeline Co. (TSE:PPL) Expected to Post Q1 2024 Earnings of $0.83 Per Share

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Atb Cap Markets issued their Q1 2024 earnings per share estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood expects that the company will post earnings of $0.83 per share for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share.

Several other equities analysts also recently issued reports on the company. Stifel Nicolaus lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bankshares lifted their price objective on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 30th. ATB Capital lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Wells Fargo & Company boosted their target price on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three research 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$53.08.

Pembina Pipeline Trading Up 0.4 %

Shares of PPL opened at C$48.96 on Thursday. The stock has a fifty day moving average price of C$47.61 and a two-hundred day moving average price of C$45.72. 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 52-week low of C$38.79 and a 52-week high of C$49.04. The company has a market cap of C$26.90 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 4.80 and a beta of 1.48.

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

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’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 news, Director Henry William Sykes acquired 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The stock was bought at an average cost of C$48.44 per share, with a total value of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’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. 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.