Pembina Pipeline (TSE:PPL) Price Target Increased to C$62.00 by Analysts at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by JPMorgan Chase & Co. from C$60.00 to C$62.00 in a report issued on Thursday, BayStreet.CA reports. They currently have a hold rating on the stock.

PPL has been the topic of several other reports. CIBC raised their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. National Bankshares lifted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a sector perform rating in a report on Friday, August 23rd. Jefferies Financial Group increased their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the company a buy rating in a research note on Monday, July 29th. ATB Capital upped their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, UBS Group upgraded Pembina Pipeline to a hold rating in a research note on Wednesday, September 11th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$57.92.

Pembina Pipeline Price Performance

PPL stock opened at C$57.88 on Thursday. The company’s 50-day moving average price is C$54.32 and its two-hundred day moving average price is C$51.32. The firm has a market cap of C$33.58 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12 month low of C$38.95 and a 12 month high of C$58.06.

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 analysts’ consensus estimates of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, analysts anticipate that Pembina Pipeline will post 3.3857479 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a dividend of $0.69 per share. The ex-dividend date was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.77%. Pembina Pipeline’s payout ratio is presently 84.66%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Corporate insiders own 0.05% of the company’s stock.

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.