National Bankshares Boosts Pembina Pipeline (TSE:PPL) Price Target to C$52.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by National Bankshares from C$51.00 to C$52.00 in a research report report published on Wednesday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on the company. Scotiabank upped their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a sector perform rating in a report on Sunday, May 19th. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a neutral rating in a research report on Friday, April 12th. TD Securities boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. ATB Capital boosted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Finally, Citigroup boosted their target price on Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$54.50.

Pembina Pipeline Trading Down 0.3 %

Shares of PPL stock opened at C$50.76 on Wednesday. The business’s fifty day moving average price is C$49.91 and its 200 day moving average price is C$47.71. Pembina Pipeline has a 1-year low of C$38.79 and a 1-year high of C$51.59. The firm has a market capitalization of C$29.42 billion, a PE ratio of 16.32, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The business had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. As a group, sell-side analysts forecast that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.44%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 88.75%.

Insider Buying and Selling

In related news, Senior Officer Stuart Taylor sold 29,034 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total value of C$1,098,764.74. Also, Senior Officer Stuart Taylor sold 29,034 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. Over the last three months, insiders have sold 56,037 shares of company stock valued at $2,822,669. 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.