BMO Capital Markets Cuts Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price reduced by BMO Capital Markets from C$61.00 to C$59.00 in a research report released on Friday morning,BayStreet.CA reports.

Several other brokerages have also recently commented on PPL. Wells Fargo & Company upped their target price on Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. UBS Group raised Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Citigroup upped their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada increased their price target 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. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of C$59.07.

Pembina Pipeline Stock Performance

TSE PPL opened at C$54.61 on Friday. The company has a market capitalization of C$31.69 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72. 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 firm has a 50-day moving average price of C$57.90 and a two-hundred day moving average price of C$54.47.

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 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 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.