Pembina Pipeline (TSE:PPL) PT Raised to C$56.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by equities research analysts at Stifel Nicolaus from C$55.00 to C$56.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 16.50% from the company’s current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. CIBC boosted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, National Bankshares raised their target price on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.77.

Pembina Pipeline Stock Performance

TSE:PPL traded up C$0.87 during trading hours on Friday, reaching C$48.07. The stock had a trading volume of 1,082,189 shares, compared to its average volume of 2,687,000. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The stock has a 50 day simple moving average of C$47.24 and a 200 day simple moving average of C$45.35. The stock has a market cap of C$26.41 billion, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, research analysts forecast that Pembina Pipeline will post 3.0374298 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. 0.07% of the stock is currently owned by insiders.

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.