Pembina Pipeline (TSE:PPL) PT Raised to C$54.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by BMO Capital Markets from C$53.00 to C$54.00 in a research note published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on PPL. Stifel Nicolaus lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a buy rating in a research note on Friday, April 19th. Wells Fargo & Company lifted their target price on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Jefferies Financial Group lifted their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a buy rating in a research note on Monday, May 13th. TD Securities lifted their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the company a buy rating in a research note on Tuesday, May 14th. Finally, CIBC lifted their price objective on shares of Pembina Pipeline from C$57.00 to C$58.00 and gave the company an outperform rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$54.50.

Pembina Pipeline Trading Down 0.3 %

TSE PPL opened at C$50.76 on Wednesday. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$51.59. 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 stock has a market cap of C$29.42 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 4.80 and a beta of 1.48. The firm’s 50 day moving average price is C$49.91 and its two-hundred day moving average price is C$47.73.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion for the quarter, compared to analysts’ expectations of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. Equities analysts anticipate that Pembina Pipeline will post 3.1496556 EPS for the current year.

Pembina Pipeline Increases Dividend

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

Insider Buying and Selling

In other news, Director Henry William Sykes bought 1,984 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s 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 acquired 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Insiders have sold 56,037 shares of company stock worth $2,822,669 in the last quarter. 0.04% of the stock is currently owned by company insiders.

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.