Pembina Pipeline Co. to Post Q2 2024 Earnings of $0.56 Per Share, Zacks Research Forecasts (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Zacks Research boosted their Q2 2024 earnings per share estimates for shares of Pembina Pipeline in a report released on Tuesday, April 16th. Zacks Research analyst T. Saha now anticipates that the company will earn $0.56 per share for the quarter, up from their previous estimate of $0.53. 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 Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.84 EPS, Q1 2026 earnings at $1.05 EPS and FY2026 earnings at $3.49 EPS.

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, beating the consensus estimate of C$0.75 by C$0.46. The company had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%.

PPL has been the topic of several other reports. ATB Capital raised their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. National Bankshares raised their price target on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Scotiabank lifted their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 20th. TD Securities lifted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Jefferies Financial Group increased their price target on Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of C$52.58.

Pembina Pipeline Stock Down 0.6 %

Shares of Pembina Pipeline stock traded down C$0.26 on Wednesday, hitting C$47.01. 2,001,168 shares of the company’s stock traded hands, compared to its average volume of 2,710,127. The stock has a market cap of C$25.83 billion, a P/E ratio of 15.72, a PEG ratio of 4.80 and a beta of 1.48. 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 firm’s 50-day moving average is C$47.18 and its 200 day moving average is C$45.32. Pembina Pipeline has a 52-week low of C$38.79 and a 52-week high of C$48.97.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction that occurred 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. In other news, Director Henry William Sykes acquired 1,984 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were bought 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 Pembina Pipeline stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. Company insiders own 0.07% 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.