Zacks Research Forecasts Lower Earnings for Pembina Pipeline

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued to investors on Monday, November 25th. Zacks Research analyst T. Saha now expects that the company will post earnings per share of $2.54 for the year, down from their prior forecast of $3.11. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share. Zacks Research also issued estimates for Pembina Pipeline’s Q4 2024 earnings at $0.46 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.39 EPS, Q3 2025 earnings at $0.42 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $1.72 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.30 EPS and FY2026 earnings at $1.82 EPS.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The business had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada raised their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group raised Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. National Bankshares lifted their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Finally, Raymond James set a C$63.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of C$58.86.

Pembina Pipeline Trading Down 0.3 %

PPL stock opened at C$57.78 on Thursday. The business has a fifty day moving average price of C$57.78 and a 200 day moving average price of C$53.98. Pembina Pipeline has a fifty-two week low of C$43.64 and a fifty-two week high of C$60.72. The stock has a market capitalization of C$33.52 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 4.78%. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

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.