Atb Cap Markets Equities Analysts Cut Earnings Estimates for Pembina Pipeline Co. (TSE:PPL)

Pembina Pipeline Co. (TSE:PPLFree Report) (NYSE:PBA) – Analysts at Atb Cap Markets dropped their Q2 2024 earnings per share (EPS) estimates for Pembina Pipeline in a report issued on Sunday, May 12th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.82 per share for the quarter, down from their previous forecast of $0.83. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s FY2024 earnings at $3.26 EPS.

Several other research firms have also commented on PPL. BMO Capital Markets upped their target price on Pembina Pipeline from C$52.00 to C$53.00 in a report on Friday, February 23rd. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Scotiabank upped their target price on Pembina Pipeline from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Monday. Jefferies Financial Group upped their target price on Pembina Pipeline from C$54.00 to C$55.00 and gave the company a “buy” rating in a report on Monday. Finally, TD Securities upped their target price on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$53.92.

Check Out Our Latest Stock Analysis on Pembina Pipeline

Pembina Pipeline Stock Up 0.4 %

TSE:PPL opened at C$50.60 on Wednesday. The firm has a market capitalization of C$29.32 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 4.80 and a beta of 1.49. The stock has a 50 day moving average of C$48.17 and a 200-day moving average of C$46.34. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$50.87. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47.

Pembina Pipeline (TSE:PPLGet Free Report) (NYSE:PBA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating 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 analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.45%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s dividend payout ratio is presently 89.30%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other news, Director Henry William Sykes purchased 1,984 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was bought at an average cost 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 company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Company insiders own 0.04% of the company’s stock.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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

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