Atb Cap Markets Cuts Earnings Estimates for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Atb Cap Markets dropped their Q3 2024 EPS estimates for Pembina Pipeline in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.79 per share for the quarter, down from their previous estimate of $0.86. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Several other research firms have also issued reports on PPL. National Bankshares upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. CIBC increased their target price on Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. Royal Bank of Canada raised their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price objective on 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. Finally, Tudor Pickering & Holt lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Stock Up 0.2 %

Shares of TSE PPL opened at C$59.04 on Friday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a one year low of C$41.84 and a one year high of C$59.86. The firm’s 50 day simple moving average is C$55.75 and its two-hundred day simple moving average is C$52.29. The stock has a market capitalization of C$34.26 billion, a P/E ratio of 18.11, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

Insider Buying and Selling

In other news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction that occurred on 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. In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the 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. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is owned by company insiders.

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.