FY2024 EPS Estimates for Pembina Pipeline Co. (TSE:PPL) Raised by Analyst

Pembina Pipeline Co. (TSE:PPL - Free Report) NYSE: PBA - Zacks Research lifted their FY2024 earnings per share estimates for shares of Pembina Pipeline in a research report issued on Tuesday, April 16th. Zacks Research analyst T. Saha now forecasts that the company will earn $2.73 per share for the year, up from their prior estimate of $2.71. 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 Q2 2025 earnings at $0.77 EPS and FY2025 earnings at $2.52 EPS.

Several other brokerages have also recently weighed in on PPL. Stifel Nicolaus upped their price objective on shares of Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a "buy" rating in a research note on Wednesday, December 20th. Citigroup increased their price target on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 6th. National Bankshares lifted their price objective on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 30th. Scotiabank increased their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a report on Wednesday, December 20th. Finally, Jefferies Financial Group raised their target price on Pembina Pipeline from C$52.00 to C$54.00 and gave the company a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$52.58.

Pembina Pipeline Price Performance

Shares of PPL traded up C$0.19 during trading hours on Thursday, hitting C$47.20. The stock had a trading volume of 2,583,461 shares, compared to its average volume of 2,708,460. The stock has a market capitalization of C$25.93 billion, a price-to-earnings ratio of 15.79, a P/E/G 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 company's fifty day moving average is C$47.24 and its two-hundred day moving average is C$45.35. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$48.97.

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

Insiders Place Their Bets

In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The shares were 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 the company's stock in a transaction on Tuesday, April 9th. The stock was bought at an average price 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 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. Company insiders own 0.07% of the company's stock.

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.