Pembina Pipeline (TSE:PPL) Reaches New 12-Month High at $54.68

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$54.68 and last traded at C$54.70, with a volume of 709845 shares. The stock had previously closed at C$54.29.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. National Bankshares upped their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Citigroup lifted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Tudor Pickering & Holt raised their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. Finally, CIBC boosted their target price on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$56.62.

Pembina Pipeline Stock Performance

The company has a market cap of C$31.81 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 4.80 and a beta of 1.48. The firm’s 50 day simple moving average is C$52.29 and its 200-day simple moving average is C$49.91. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The business had revenue of C$1.86 billion for the quarter, compared to analysts’ expectations of C$1.99 billion. On average, sell-side analysts predict that Pembina Pipeline Co. will post 3.3867748 EPS for the current year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.03%. The ex-dividend date is Monday, September 16th. Pembina Pipeline’s payout ratio is currently 84.66%.

Insider Buying and Selling at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Insiders have sold 70,374 shares of company stock worth $3,643,660 in the last ninety days. 0.05% of the stock is owned by insiders.

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.