Scotiabank Forecasts Increased Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Scotiabank raised their FY2027 earnings estimates for shares of Pembina Pipeline in a research note issued on Thursday, July 23rd. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.22 for the year, up from their prior forecast of $3.21. Scotiabank has a “Hold” rating and a $73.00 price target on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

Other analysts have also issued research reports about the company. TD Securities raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Barclays raised their target price on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. BMO Capital Markets boosted their price target on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. Citigroup lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their target price for the stock from C$63.00 to C$70.00 in a research report on Monday, May 18th. Finally, Wells Fargo & Company upgraded Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$67.00.

Pembina Pipeline Trading Up 0.5%

TSE:PPL opened at C$72.44 on Friday. The firm has a market capitalization of C$42.12 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.27. Pembina Pipeline has a 52 week low of C$48.74 and a 52 week high of C$72.72. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35. The company has a fifty day moving average of C$67.75 and a 200 day moving average of C$62.23.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.