Raymond James Analysts Give Pembina Pipeline (TSE:PPL) a C$63.00 Price Target

Pembina Pipeline (TSE:PPL) (NYSE:PBA) has been given a C$63.00 price objective by Raymond James in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 7.14% from the company’s previous close. Raymond James also issued estimates for Pembina Pipeline’s FY2025 earnings at $3.40 EPS, FY2026 earnings at $3.51 EPS, FY2027 earnings at $3.64 EPS and FY2028 earnings at $4.08 EPS.

PPL has been the topic of several other research reports. Royal Bank of Canada raised their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. 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 target price on shares of 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. Finally, Citigroup increased their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$58.29.

Pembina Pipeline Trading Up 1.0 %

TSE:PPL opened at C$58.80 on Friday. The company’s 50 day moving average price is C$54.73 and its 200-day moving average price is C$51.62. Pembina Pipeline has a 52 week low of C$41.16 and a 52 week high of C$58.93. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The stock has a market cap of C$34.12 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$1.86 billion for the quarter, compared to analysts’ expectations of C$1.99 billion. On average, equities research analysts forecast that Pembina Pipeline will post 3.3857479 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value 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 shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 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.