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 raised their Q2 2024 earnings estimates for shares of Pembina Pipeline in a report issued on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the company will earn $0.56 per share for the quarter, up from their prior 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.

A number of other research firms also recently commented on PPL. BMO Capital Markets increased their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Stifel Nicolaus increased their target price on shares of Pembina Pipeline from C$53.00 to C$54.50 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Scotiabank increased their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company increased their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$52.58.

Pembina Pipeline Stock Down 0.6 %

Shares of TSE PPL traded down C$0.26 during mid-day trading on Wednesday, reaching C$47.01. The company had a trading volume of 2,001,168 shares, compared to its average volume of 2,710,127. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. The firm has a 50 day simple moving average of C$47.18 and a two-hundred day simple moving average of C$45.32. 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. Pembina Pipeline has a 52-week low of C$38.79 and a 52-week high of C$48.97.

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

Insider Transactions at Pembina Pipeline

In related news, Director Henry William Sykes acquired 1,984 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, April 9th. The stock was purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’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. Also, Director Henry William Sykes bought 1,984 shares of the company’s stock in a transaction 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. Company 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.