CIBC Raises Pembina Pipeline (TSE:PPL) Price Target to C$58.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by equities researchers at CIBC from C$57.00 to C$58.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective suggests a potential upside of 13.88% from the stock’s previous close.

A number of other equities research analysts have also commented on PPL. National Bankshares increased their price target on Pembina Pipeline from C$51.00 to C$52.00 in a research report on Wednesday. Wells Fargo & Company increased their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. ATB Capital increased their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. TD Securities increased their price target on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Citigroup increased their price objective on Pembina Pipeline from C$50.00 to C$53.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average price target of C$54.50.

Pembina Pipeline Trading Up 1.2 %

Shares of PPL opened at C$50.93 on Wednesday. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$51.59. The company has a current ratio of 1.03, a quick ratio of 0.50 and a debt-to-equity ratio of 74.45. The stock has a 50 day simple moving average of C$49.78 and a 200-day simple moving average of C$47.65. The stock has a market cap of C$29.52 billion, a PE ratio of 16.38, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The company had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$2.50 billion. On average, sell-side analysts predict that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer Stuart Taylor sold 29,034 shares of Pembina Pipeline stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related news, Senior Officer Stuart Taylor sold 29,034 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. Also, Senior Officer J. Scott Burrows bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of C$50.19 per share, with a total value of C$50,190.00. Insiders have sold a total of 56,037 shares of company stock valued at $2,822,669 over the last 90 days. 0.04% of the stock is owned by company 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.