Brokerages Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$54.77

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$54.85.

PPL has been the topic of a number of recent analyst reports. National Bankshares upped their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research note on Wednesday, June 26th. BMO Capital Markets upped their price objective on Pembina Pipeline from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, June 26th. CIBC lifted their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. Jefferies Financial Group upped their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, TD Securities raised their price objective on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th.

Pembina Pipeline Price Performance

Shares of TSE PPL opened at C$52.01 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$52.19. The business has a 50 day moving average price of C$50.61 and a two-hundred day moving average price of C$48.35. The firm has a market cap of C$30.14 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results 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). The company had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. Sell-side analysts expect that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.69 dividend. The ex-dividend date was Monday, June 17th. This represents a $2.76 annualized dividend and a yield of 5.31%. 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 news, Senior Officer Cameron Goldade sold 21,689 shares of the company’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. In other news, Senior Officer J. Scott Burrows bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of C$50.19 per share, with a total value of C$50,190.00. Also, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. 0.04% of the stock is owned by corporate 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.