Pembina Pipeline (TSE:PPL) Reaches New 52-Week High at $49.40

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$49.40 and last traded at C$49.40, with a volume of 340860 shares traded. The stock had previously closed at C$49.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Securities upped their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Friday, April 5th. National Bankshares raised their price target on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. BMO Capital Markets upped their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company increased their price target on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$53.08.

Pembina Pipeline Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. The firm has a market capitalization of C$28.66 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 4.80 and a beta of 1.49. The business has a 50-day moving average of C$47.88 and a 200 day moving average of C$46.07.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The business had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. As a group, research analysts anticipate that Pembina Pipeline Co. will post 3.0400751 EPS for the current fiscal year.

Insider Activity

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction on 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 firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. Also, Director Henry William Sykes purchased 1,984 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of C$48.44 per share, with a total value of C$96,098.02. Insiders own 0.04% of the company’s stock.

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.