Pembina Pipeline Co. (TSE:PPL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$57.92.

PPL has been the subject of a number of research reports. Tudor Pickering & Holt increased their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, July 5th. JPMorgan Chase & Co. upped their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research report on Thursday. National Bankshares lifted their price objective on shares of 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. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Finally, Citigroup lifted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on 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. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were 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 firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. 0.05% of the stock is currently owned by corporate insiders.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$57.49 on Friday. The firm has a market cap of C$33.36 billion, a P/E ratio of 17.63, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$57.56. 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 firm’s 50 day moving average price is C$54.22 and its two-hundred day moving average price is C$51.24.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The company had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, analysts forecast that Pembina Pipeline will post 3.3857479 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.80%. Pembina Pipeline’s 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.