Pembina Pipeline Co. to Post Q1 2024 Earnings of $0.83 Per Share, Atb Cap Markets Forecasts (TSE:PPL)

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) – Investment analysts at Atb Cap Markets issued their Q1 2024 EPS estimates for Pembina Pipeline in a research report issued to clients and investors on Tuesday, April 23rd. Atb Cap Markets analyst N. Heywood anticipates that the company will earn $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) (NYSE:PBA) last issued its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.47 billion.

A number of other equities analysts have also recently commented on the company. Citigroup lifted their price target on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Wells Fargo & Company lifted their price target on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, ATB Capital lifted their price target on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$53.08.

Pembina Pipeline Trading Up 0.3 %

Pembina Pipeline stock opened at C$48.63 on Thursday. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$48.97. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The stock has a market capitalization of C$26.72 billion, a P/E ratio of 16.26, a PEG ratio of 4.80 and a beta of 1.48. The stock has a 50-day simple moving average of C$47.48 and a 200 day simple moving average of C$45.64.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Director Henry William Sykes purchased 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was bought at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction that occurred 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. Also, Director Henry William Sykes purchased 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was acquired 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.

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.