Atb Cap Markets Comments on Pembina Pipeline Co.’s Q1 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Research analysts at Atb Cap Markets issued their Q1 2024 earnings per share (EPS) estimates for Pembina Pipeline in a report issued on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood anticipates that the company will post earnings per share of $0.83 for the quarter. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.04 per share.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus increased their price target 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. CIBC raised their price target on shares of Pembina Pipeline from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. 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, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.08.

Pembina Pipeline Price Performance

PPL stock opened at C$48.78 on Thursday. The stock’s 50 day moving average price is C$47.55 and its 200 day moving average price is C$45.66. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$48.97. The firm has a market cap of C$26.80 billion, a P/E ratio of 16.31, a PEG ratio of 4.80 and a beta of 1.48.

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

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. In related news, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction 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. 0.07% of the stock is currently owned by corporate 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.