Analysts Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$58.67

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$58.67.

Several research firms have issued reports on PPL. Royal Bank of Canada raised their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Raymond James decreased their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. JPMorgan Chase & Co. raised 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. Finally, BMO Capital Markets reduced their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th.

Pembina Pipeline Price Performance

Shares of PPL opened at C$53.12 on Friday. Pembina Pipeline has a twelve month low of C$44.56 and a twelve month high of C$60.72. The company has a market capitalization of C$30.82 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm has a 50 day moving average of C$55.69 and a 200 day moving average of C$54.80. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 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 during the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. As a group, equities research analysts anticipate 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 was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.20%. Pembina Pipeline’s payout ratio 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.