Brokers Set Expectations for Pembina Pipeline Co.'s Q1 2024 Earnings (TSE:PPL)

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

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of C$2.47 billion for the quarter, compared to analysts' expectations of C$2.47 billion.

Several other equities research analysts have also commented on PPL. JPMorgan Chase & Co. boosted their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a "neutral" rating in a research note on Friday, April 12th. National Bankshares upped their target price on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 30th. BMO Capital Markets upped their target price on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Jefferies Financial Group upped 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, April 17th. Finally, TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$53.08.

Pembina Pipeline Price Performance

Shares of TSE:PPL traded up C$0.15 during trading on Thursday, hitting C$48.78. 1,404,585 shares of the stock were exchanged, compared to its average volume of 2,666,848. The company has a fifty day moving average price of C$47.55 and a two-hundred day moving average price of C$45.66. The company has a market cap of C$26.80 billion, a PE ratio of 16.31, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the 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. In other news, 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. Also, Director Henry William Sykes acquired 1,984 shares of the company's stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, with a total value of C$96,098.02. Corporate insiders own 0.07% of the company's stock.

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.