Barclays Reiterates “C$63.00” Price Target for Pembina Pipeline (TSE:PPL)

Barclays set a C$63.00 price target on Pembina Pipeline (TSE:PPL) (NYSE:PBA) in a report published on Thursday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Several other equities analysts have also recently commented on PPL. National Bankshares raised their target price on shares of 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. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. BMO Capital Markets boosted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Finally, Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Friday, October 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$59.07.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$54.61 on Thursday. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The firm has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The business has a 50 day simple moving average of C$57.90 and a 200 day simple moving average of C$54.47.

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

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is 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.