Atb Cap Markets Analysts Cut Earnings Estimates for TSE:PPL

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Atb Cap Markets reduced their FY2024 earnings per share (EPS) estimates for shares of Pembina Pipeline in a research note issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $3.14 per share for the year, down from their previous estimate of $3.17. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The business had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%.

Several other research firms have also issued reports on PPL. BMO Capital Markets raised their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. ATB Capital raised their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Tudor Pickering & Holt upped their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. National Bankshares increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Price Performance

Shares of PPL stock opened at C$59.04 on Thursday. The firm’s 50 day moving average price is C$55.75 and its two-hundred day moving average price is C$52.29. The stock has a market cap of C$34.26 billion, a PE ratio of 18.11, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$41.84 and a 52-week high of C$59.86. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.69 per share. The ex-dividend date was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.67%. Pembina Pipeline’s payout ratio is 84.66%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is currently 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.