Pembina Pipeline (TSE:PPL) Price Target Raised to C$63.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price increased by Wells Fargo & Company from C$61.00 to C$63.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the stock. ATB Capital boosted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James set a C$63.00 price target on Pembina Pipeline and gave the company an “outperform” rating in a research report on Friday, October 11th. National Bankshares lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Finally, Citigroup boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$58.86.

Pembina Pipeline Trading Down 0.2 %

Shares of PPL stock opened at C$58.66 on Wednesday. The business has a 50-day moving average of C$57.20 and a 200 day moving average of C$53.41. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a 1-year low of C$43.37 and a 1-year high of C$59.86. The stock has a market capitalization of C$34.04 billion, a PE ratio of 17.99, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. As a group, sell-side analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Insider Activity

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction that occurred 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 shares were 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.