FY2024 EPS Estimates for Pembina Pipeline Co. Lifted by Analyst (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Zacks Research boosted their FY2024 earnings estimates for shares of Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $2.73 for the year, up from their prior estimate 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.

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

PPL has been the subject of several other research reports. BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Stifel Nicolaus lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$54.50 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Wells Fargo & Company lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. CIBC lifted 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 research note on Monday, February 26th. Finally, ATB Capital lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$52.58.

Pembina Pipeline Stock Down 0.6 %

PPL stock opened at C$47.01 on Thursday. 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 has a 1 year low of C$38.79 and a 1 year high of C$48.97. The company has a fifty day simple moving average of C$47.21 and a 200 day simple moving average of C$45.34. The firm has a market cap of C$25.83 billion, a PE ratio of 15.72, a PEG ratio of 4.80 and a beta of 1.48.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’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. In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, with a total value 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. 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.