FY2024 EPS Estimates for Pembina Pipeline Co. (TSE:PPL) Boosted by Zacks Research

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a report issued on Tuesday, April 16th. Zacks Research analyst T. Saha now expects that the company will earn $2.73 per share for the year, up from their previous forecast 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.

Several other research analysts also recently commented on PPL. TD Securities increased their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, April 5th. CIBC increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Jefferies Financial Group upped their target price on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Finally, National Bankshares upped their target price on shares of 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. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of C$52.58.

Pembina Pipeline Trading Up 0.4 %

Shares of Pembina Pipeline stock opened at C$47.20 on Thursday. The company has a market capitalization of C$25.93 billion, a P/E ratio of 15.79, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The company has a fifty day moving average of C$47.24 and a 200 day moving average of C$45.35. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$48.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping 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%.

Insider Activity

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction that occurred 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 other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of Pembina Pipeline stock in a transaction on Tuesday, April 9th. The shares were 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 stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. Corporate 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.