Pembina Pipeline (TSE:PPL) PT Raised to C$53.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target boosted by Citigroup from C$50.00 to C$53.00 in a research note released on Tuesday morning, BayStreet.CA reports. Citigroup currently has a neutral rating on the stock.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group boosted their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a buy rating in a research report on Monday, May 13th. ATB Capital boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. BMO Capital Markets boosted their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Wells Fargo & Company boosted their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. Finally, Stifel Nicolaus boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a buy rating in a research report on Friday, April 19th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of Moderate Buy and a consensus target price of C$54.25.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$49.88 on Tuesday. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03. The firm’s 50-day simple moving average is C$48.63 and its 200-day simple moving average is C$46.75. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$50.97. The firm has a market cap of C$28.91 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. As a group, research analysts expect that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.53%. The ex-dividend date is Monday, June 17th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio is presently 88.75%.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the company’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. In related news, Director Henry William Sykes purchased 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’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 transaction of C$259,429.48. Insiders own 0.04% of the company’s stock.

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.