Pembina Pipeline Co. (TSE:PPL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$58.86.

PPL has been the subject of several research analyst reports. National Bankshares upped their price objective 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. Wells Fargo & Company upped their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Royal Bank of Canada raised their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Citigroup upped their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Finally, 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.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$55.27 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The firm’s 50 day moving average is C$58.01 and its two-hundred day moving average is C$54.33. The firm has a market capitalization of C$32.07 billion, a P/E ratio of 16.95, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The business had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 4.99%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

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.