Pembina Pipeline (TSE:PPL) Hits New 12-Month High at $56.50

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$56.50 and last traded at C$56.49, with a volume of 642298 shares changing hands. The stock had previously closed at C$55.75.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. National Bankshares raised their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Jefferies Financial Group boosted their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. ATB Capital increased their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Finally, Tudor Pickering & Holt boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, July 5th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Stock Up 1.5 %

The firm has a market cap of C$32.83 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The firm’s fifty day moving average is C$53.96 and its two-hundred day moving average is C$51.07.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. On average, sell-side analysts expect that Pembina Pipeline Co. will post 3.3599756 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Company insiders own 0.05% 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.