Raymond James Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price reduced by equities researchers at Raymond James from C$62.00 to C$61.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 11.70% from the stock’s previous close.

A number of other research analysts also recently issued reports on PPL. National Bankshares lifted 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 research report on Friday, August 23rd. Citigroup raised their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. UBS Group raised Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.07.

Pembina Pipeline Trading Down 0.6 %

Shares of TSE:PPL opened at C$54.61 on Friday. The company has a market capitalization of C$31.69 billion, a PE ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72. The business’s fifty day simple moving average is C$57.90 and its 200-day simple moving average is C$54.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued 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). The company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. As a group, equities research analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

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.