Pembina Pipeline (TSE:PPL) PT Raised to C$54.00 at BMO Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target boosted by analysts at BMO Capital Markets from C$53.00 to C$54.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 6.03% from the stock’s current price.

A number of other research firms have also commented on PPL. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Scotiabank boosted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Sunday, May 19th. TD Securities upped their price objective on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. CIBC increased their price target on Pembina Pipeline from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, National Bankshares raised their target price on Pembina Pipeline from C$51.00 to C$52.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$54.50.

Pembina Pipeline Stock Up 1.2 %

Shares of TSE PPL opened at C$50.93 on Wednesday. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$51.59. The stock has a market capitalization of C$29.52 billion, a P/E ratio of 16.38, a PEG ratio of 4.80 and a beta of 1.48. The stock’s fifty day moving average is C$49.78 and its 200 day moving average is C$47.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released 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 net margin of 20.39% and a return on equity of 11.65%. The business had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Sell-side analysts forecast that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction that occurred 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 related news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction that occurred 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, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total value of C$1,098,764.74. Insiders have sold 56,037 shares of company stock valued at $2,822,669 in the last ninety days. Company insiders own 0.04% 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.