Pembina Pipeline Co. (TSE:PPL) to Post Q2 2024 Earnings of $0.56 Per Share, Zacks Research Forecasts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for Pembina Pipeline in a note issued to investors on Tuesday, April 16th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $0.56 for the quarter, up from their prior forecast of $0.53. 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 Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.84 EPS, Q1 2026 earnings at $1.05 EPS and FY2026 earnings at $3.49 EPS.

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

PPL has been the subject of a number of other reports. ATB Capital lifted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Citigroup lifted their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. CIBC lifted their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. National Bankshares raised 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 note on Tuesday, January 30th. Finally, Wells Fargo & Company raised their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus price target of C$52.58.

Pembina Pipeline Trading Up 0.4 %

Shares of PPL stock opened at C$47.20 on Wednesday. The company has a market cap of C$25.93 billion, a P/E ratio of 15.79, a PEG ratio of 4.80 and a beta of 1.48. The stock has a 50 day simple moving average of C$47.24 and a two-hundred day simple moving average of C$45.35. 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 fifty-two week low of C$38.79 and a fifty-two week high of C$48.97.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction on 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 bought 1,984 shares of the stock in a transaction on Tuesday, April 9th. The shares were purchased 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 business’s stock in a transaction 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. Insiders own 0.07% of the company’s stock.

Pembina Pipeline Company Profile

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.