Pembina Pipeline Co. (TSE:PPL) Receives C$58.29 Average Price Target from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$58.29.

PPL has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Citigroup lifted their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, ATB Capital lifted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th.

Pembina Pipeline Price Performance

TSE:PPL opened at C$59.07 on Tuesday. Pembina Pipeline has a one year low of C$41.84 and a one year high of C$59.86. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The stock has a market cap of C$34.27 billion, a PE ratio of 18.12, a P/E/G ratio of 1.58 and a beta of 1.48. The stock has a 50 day moving average price of C$56.02 and a 200 day moving average price of C$52.41.

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 the consensus estimate 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 company had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.99 billion. Equities research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In other news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. 0.05% of the stock is owned by company insiders.

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.