Scotiabank Has Positive Forecast for TSE:PPL FY2027 Earnings

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Scotiabank lifted their FY2027 EPS estimates for Pembina Pipeline in a research note issued to investors on Wednesday, November 11th. Scotiabank analyst R. Hope now forecasts that the company will post earnings per share of $3.29 for the year, up from their prior forecast of $3.26. Scotiabank currently has a “Hold” rating and a $73.00 price objective on the stock. The consensus estimate for Pembina Pipeline’s current full-year earnings is $3.44 per share.

A number of other brokerages have also issued reports on PPL. Barclays boosted their target price on Pembina Pipeline from C$69.00 to C$70.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. BMO Capital Markets raised their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce lowered Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price target for the company. in a research report on Thursday, October 22nd. Raymond James Financial lifted their price objective on Pembina Pipeline from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research note on Monday. Finally, National Bank Financial boosted their price objective on Pembina Pipeline from C$73.00 to C$74.00 and gave the company an “outperform” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of C$70.50.

Pembina Pipeline Stock Performance

TSE:PPL opened at C$71.31 on Friday. The company has a debt-to-equity ratio of 79.68, a quick ratio of 0.50 and a current ratio of 0.75. The stock has a market capitalization of C$41.47 billion, a P/E ratio of 21.41, a PEG ratio of 1.58 and a beta of 0.42. The company has a 50 day moving average price of C$67.65 and a 200 day moving average price of C$65.07. Pembina Pipeline has a fifty-two week low of C$50.15 and a fifty-two week high of C$72.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 25.02% and a return on equity of 12.18%. The business had revenue of C$2.18 billion for the quarter.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.