Pembina Pipeline (PPL) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Pembina Pipeline (TSE: PPL) in the last few weeks:

• 12/18/2024 – Pembina Pipeline was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a C$57.00 price target on the stock, down previously from C$63.00.
• 12/13/2024 – Pembina Pipeline had its price target lowered by analysts at BMO Capital Markets from C$61.00 to C$59.00.
• 12/13/2024 – Pembina Pipeline had its price target lowered by analysts at Raymond James from C$62.00 to C$61.00.
• 12/12/2024 – Pembina Pipeline was given a new C$63.00 price target on by analysts at Barclays PLC. They now have an “overweight” rating on the stock.
• 11/13/2024 – Pembina Pipeline had its price target raised by analysts at Wells Fargo & Company from C$61.00 to C$63.00.

Pembina Pipeline Stock Up 0.9 %

Pembina Pipeline stock traded up C$0.49 during mid-day trading on Wednesday, hitting C$53.05. The company had a trading volume of 735,061 shares, compared to its average volume of 2,832,060. Pembina Pipeline Co. has a 12 month low of C$44.56 and a 12 month high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The stock’s 50 day moving average price is C$57.12 and its two-hundred day moving average price is C$54.59. The company has a market capitalization of C$30.78 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly 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 business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Pembina Pipeline Co. will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is 84.66%.

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.