Pembina Pipeline (TSE:PPL) Given a C$66.00 Price Target by TD Securities Analysts

TD Securities set a C$66.00 price objective on Pembina Pipeline (TSE:PPL) (NYSE:PBA) in a report published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also issued reports on the company. 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 report on Thursday, October 3rd. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. Raymond James lowered their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Royal Bank of Canada raised their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$59.33.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$52.95 on Wednesday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a 52-week low of C$44.56 and a 52-week high of C$60.72. The company has a fifty day moving average of C$55.34 and a 200-day moving average of C$54.85. The stock has a market capitalization of C$30.72 billion, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted 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 for the quarter, compared to analysts’ expectations of C$2.03 billion. Equities research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.21%. Pembina Pipeline’s payout ratio is 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.