Pembina Pipeline Co. (TSE:PPL) Receives C$58.86 Average Target Price from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$58.86.

PPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. National Bankshares lifted their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Royal Bank of Canada raised their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. ATB Capital raised their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th.

Insider Buying and Selling at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the 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 currently owned by insiders.

Pembina Pipeline Stock Performance

TSE PPL opened at C$58.60 on Friday. 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 stock has a market cap of C$34.00 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a fifty-two week low of C$43.64 and a fifty-two week high of C$59.86. The business has a fifty day moving average of C$57.35 and a 200-day moving average of C$53.55.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations 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, analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Monday, December 16th. 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.