Scotiabank Increases Earnings Estimates for Pembina Pipeline

Key Points

• Scotiabank raised its FY2027 earnings-per-share estimate for Pembina Pipeline to $3.29 from $3.26, while maintaining a Hold rating and $73 price target.
• Analyst sentiment is broadly positive: MarketBeat reports a Moderate Buy consensus, based on two Strong Buy, seven Buy and four Hold ratings, with an average target price of C$70.50.
• Pembina reported quarterly earnings of C$0.77 per share and revenue of C$2.18 billion in its latest results.

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Scotiabank upped their FY2027 earnings estimates for shares of Pembina Pipeline in a research report issued to clients and investors on Wednesday, November 11th. Scotiabank analyst R. Hope now forecasts that the company will earn $3.29 per share for the year, up from their previous estimate of $3.26. Scotiabank has a "Hold" rating and a $73.00 price target on the stock. The consensus estimate for Pembina Pipeline's current full-year earnings is $3.44 per share.

A number of other equities analysts also recently commented on PPL. TD lifted their price objective on Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a "buy" rating in a research report on Monday, November 2nd. Raymond James Financial upped their target price on Pembina Pipeline from C$75.00 to C$76.00 and gave the company an "outperform" rating in a report on Monday. ATB Cormark Capital Markets upped their target price on Pembina Pipeline from C$77.00 to C$79.00 and gave the company an "outperform" rating in a report on Friday, October 23rd. National Bank Financial raised their target price on Pembina Pipeline from C$73.00 to C$74.00 and gave the stock an "outperform" rating in a research note on Monday. Finally, BMO Capital Markets lifted their price target on Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a "market perform" rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and an average target price of C$70.50.

Pembina Pipeline Price Performance

PPL stock opened at C$71.31 on Friday. Pembina Pipeline has a 1 year low of C$50.15 and a 1 year high of C$72.72. The company has a debt-to-equity ratio of 79.68, a current ratio of 0.75 and a quick ratio of 0.50. The firm has a market capitalization of C$41.47 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The business has a 50 day simple moving average of C$67.65 and a 200-day simple moving average of C$65.07.

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

About Pembina Pipeline

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.

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