Pembina Pipeline Co. to Post FY2024 Earnings of $2.73 Per Share, Zacks Research Forecasts (TSE:PPL)

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

PPL has been the topic of a number of other research reports. Stifel Nicolaus increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a report on Friday. National Bankshares raised their price target on Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Jefferies Financial Group raised their price target on Pembina Pipeline from C$52.00 to C$54.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets raised their price target on Pembina Pipeline from C$52.00 to C$53.00 in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. raised their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. 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, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of C$52.77.

Pembina Pipeline Trading Up 1.7 %

TSE:PPL opened at C$47.98 on Thursday. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47. The business’s 50 day moving average is C$47.30 and its two-hundred day moving average is C$45.41. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$48.97. The company has a market cap of C$26.36 billion, a PE ratio of 16.05, a P/E/G ratio of 4.80 and a beta of 1.48.

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

Insider Activity at Pembina Pipeline

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 purchased at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction 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. Also, Director Henry William Sykes purchased 1,984 shares of the stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. 0.07% of the stock is owned by insiders.

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.