Equities Analysts Issue Forecasts for Pembina Pipeline Co.'s Q2 2024 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Stock analysts at Zacks Research raised their Q2 2024 EPS estimates for Pembina Pipeline in a research note 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 forecast 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.

Other equities analysts also recently issued reports about the company. TD Securities boosted their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. CIBC increased their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company an "outperform" rating in a research note on Monday, February 26th. 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. Jefferies Financial Group increased 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. Finally, ATB Capital increased their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$52.58.

Pembina Pipeline Stock Down 0.6 %

Shares of Pembina Pipeline stock traded down C$0.26 on Wednesday, reaching C$47.01. 2,001,168 shares of the company were exchanged, compared to its average volume of 2,710,127. Pembina Pipeline has a 1-year low of C$38.79 and a 1-year high of C$48.97. The company has a market cap of C$25.83 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The stock's 50 day moving average price is C$47.21 and its 200-day moving average price is C$45.34.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.47 billion.

Insider Buying and Selling at Pembina Pipeline

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

About Pembina Pipeline

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.