Brokerages Set Pembina Pipeline Co. (TSE:PPL) Target Price at C$52.25

Pembina Pipeline Co. (TSE:PPLGet Free Report) (NYSE:PBA) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$52.25.

A number of analysts have issued reports on PPL shares. ATB Capital boosted their price target on shares of Pembina Pipeline from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. National Bankshares upped their target price on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. Citigroup upped their target price on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Finally, BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd.

View Our Latest Analysis on PPL

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows bought 2,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of C$42.85 per share, for a total transaction of C$85,700.00. Insiders own 0.07% of the company’s stock.

Pembina Pipeline Stock Down 0.1 %

Shares of TSE:PPL opened at C$47.38 on Monday. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The firm has a market capitalization of C$26.03 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The firm’s 50-day moving average is C$46.36 and its two-hundred day moving average is C$44.36. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$48.69.

Pembina Pipeline (TSE:PPLGet Free Report) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. Analysts predict that Pembina Pipeline will post 3.0410783 EPS for the current year.

Pembina Pipeline Company Profile

(Get Free Report

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.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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