Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$58.67

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$58.67.

PPL has been the topic of a number of research analyst reports. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on shares of 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. Finally, BMO Capital Markets reduced their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th.

Pembina Pipeline Stock Performance

Shares of TSE:PPL opened at C$52.61 on Friday. Pembina Pipeline has a 1 year low of C$44.56 and a 1 year high of C$60.72. The stock has a market capitalization of C$30.52 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. 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 company’s 50 day simple moving average is C$55.89 and its 200 day simple moving average is C$54.75.

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

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

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.