Equities Analysts Set Expectations for Pembina Pipeline Co.’s Q3 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Atb Cap Markets lifted their Q3 2024 EPS estimates for Pembina Pipeline in a research note issued on Thursday, June 27th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.84 per share for the quarter, up from their previous forecast of $0.82. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.15 per share. Atb Cap Markets also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.90 EPS, Q1 2025 earnings at $0.76 EPS, Q2 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $0.86 EPS and FY2026 earnings at $3.82 EPS.

Other equities research analysts have also issued reports about the stock. ATB Capital lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. National Bankshares raised their price objective on Pembina Pipeline from C$51.00 to C$52.00 in a report on Wednesday, June 26th. Wells Fargo & Company upped their target price on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Finally, TD Securities lifted their price target on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$54.50.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at C$51.22 on Monday. The stock has a market cap of C$29.68 billion, a PE ratio of 16.46, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$51.59. The business’s 50-day moving average price is C$49.97 and its two-hundred day moving average price is C$47.78.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.74 by C($0.01). Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The business had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.39%. Pembina Pipeline’s dividend payout ratio is 88.75%.

Insider Buying and Selling

In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer Cameron Goldade sold 21,689 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Also, Director Henry William Sykes bought 1,984 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average cost of C$48.44 per share, with a total value of C$96,098.02. Insiders sold 56,037 shares of company stock valued at $2,822,669 over the last quarter. Insiders own 0.04% 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.