Analysts Set Expectations for Pembina Pipeline Co.’s Q2 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPLFree Report) (NYSE:PBA) – Research analysts at Zacks Research lifted their Q2 2024 earnings estimates for Pembina Pipeline in a research report issued on Friday, May 24th. Zacks Research analyst T. Saha now forecasts that the company will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.56. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.78 EPS, FY2024 earnings at $2.84 EPS, Q1 2025 earnings at $0.63 EPS, Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.70 EPS and FY2026 earnings at $3.48 EPS.

PPL has been the subject of several other reports. Wells Fargo & Company lifted their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. TD Securities boosted their target price on shares of 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. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Stifel Nicolaus upped their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Finally, ATB Capital raised their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.25.

Get Our Latest Report on PPL

Pembina Pipeline Stock Down 0.2 %

PPL stock opened at C$49.76 on Monday. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50. The firm’s fifty day simple moving average is C$48.68 and its 200-day simple moving average is C$46.83. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$50.97. The company has a market capitalization of C$28.84 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. In related news, Senior Officer Cameron Goldade sold 21,689 shares of the stock in a transaction that occurred on 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 company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, with a total value of C$96,098.02. 0.04% of the stock is currently owned by company insiders.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 dividend on an annualized basis and a yield of 5.55%. Pembina Pipeline’s payout ratio is 88.75%.

About Pembina Pipeline

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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.

See Also

Earnings History and Estimates for Pembina Pipeline (TSE:PPL)

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