Pembina Pipeline (TSE:PPL) Price Target Raised to C$56.00 at Jefferies Financial Group

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target raised by stock analysts at Jefferies Financial Group from C$55.00 to C$56.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 9.03% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. CIBC boosted their target price on shares of Pembina Pipeline from C$58.00 to C$59.00 and gave the company an “outperform” rating in a research report on Wednesday. TD Securities boosted their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$54.67.

Pembina Pipeline Trading Up 0.3 %

TSE:PPL opened at C$51.36 on Wednesday. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$51.67. The firm has a fifty day simple moving average of C$50.07 and a 200-day simple moving average of C$47.85. 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 company has a market capitalization of C$29.76 billion, a P/E ratio of 16.51, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted 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). The business had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. On average, equities research analysts anticipate that Pembina Pipeline will post 3.1496556 earnings per share for the current year.

Insider Transactions at Pembina Pipeline

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