Brokers Offer Predictions for Pembina Pipeline Co.’s FY2022 Earnings (TSE:PPL)

Pembina Pipeline Co. (TSE:PPLGet Rating) (NYSE:PBA) – Equities research analysts at Raymond James lifted their FY2022 earnings per share estimates for Pembina Pipeline in a research note issued on Tuesday, April 19th. Raymond James analyst A. Bradford now forecasts that the company will post earnings of $2.46 per share for the year, up from their prior forecast of $2.43. Raymond James currently has a “Market Perform” rating and a $49.50 price objective on the stock. Raymond James also issued estimates for Pembina Pipeline’s FY2023 earnings at $2.45 EPS.

Pembina Pipeline (TSE:PPLGet Rating) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 24th. The company reported C$0.08 earnings per share for the quarter. The business had revenue of C$2.56 billion during the quarter.

PPL has been the subject of several other reports. Scotiabank upped their target price on Pembina Pipeline from C$49.00 to C$54.00 in a research note on Tuesday. Credit Suisse Group reiterated an “outperform” rating and issued a C$48.00 target price (up from C$46.00) on shares of Pembina Pipeline in a research note on Monday, April 11th. Royal Bank of Canada boosted their price target on Pembina Pipeline from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. TD Securities boosted their price target on Pembina Pipeline from C$48.00 to C$50.00 and gave the company a “buy” rating in a research report on Friday, April 1st. Finally, Canaccord Genuity Group boosted their price target on Pembina Pipeline from C$47.00 to C$49.00 in a research report on Wednesday, March 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$47.61.

TSE PPL opened at C$49.04 on Thursday. Pembina Pipeline has a fifty-two week low of C$36.65 and a fifty-two week high of C$51.45. The stock has a market cap of C$26.99 billion and a price-to-earnings ratio of 24.64. The business has a fifty day moving average of C$46.43 and a 200-day moving average of C$42.23. The company has a quick ratio of 0.34, a current ratio of 0.52 and a debt-to-equity ratio of 83.28.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 13th. Investors of record on Monday, April 25th will be issued a $0.21 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Friday, April 22nd. Pembina Pipeline’s dividend payout ratio is currently 126.63%.

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 1,223 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of C$46.13, for a total transaction of C$56,422.62. Following the sale, the insider now owns 10,000 shares in the company, valued at C$461,346. Also, Senior Officer Stuart Taylor sold 4,265 shares of the stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of C$46.66, for a total value of C$198,990.40. Following the sale, the insider now owns 94,575 shares in the company, valued at C$4,412,547.95. Insiders sold 7,616 shares of company stock valued at $353,739 in the last three months.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Earnings History and Estimates for Pembina Pipeline (TSE:PPL)

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