National Bank Financial Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by National Bank Financial from C$60.00 to C$61.00 in a report released on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential downside of 0.67% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the company. TD Securities raised their price target on Pembina Pipeline from C$62.00 to C$63.00 and gave the stock a “hold” rating in a research note on Friday. Raymond James Financial lifted their target price on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Jefferies Financial Group upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Royal Bank Of Canada raised their price target on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, ATB Cormark Capital Markets set a C$61.00 price target on shares of Pembina Pipeline and gave the company an “outperform” rating in a research note on Tuesday, December 23rd. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

Pembina Pipeline Stock Performance

TSE PPL traded up C$1.46 on Monday, hitting C$61.41. 1,454,397 shares of the company traded hands, compared to its average volume of 2,428,286. The business’s 50 day moving average price is C$55.53 and its 200-day moving average price is C$54.30. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$61.81. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The company has a market capitalization of C$35.68 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 1.58 and a beta of 0.62.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The business had revenue of C$1.91 billion during the quarter. Equities analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.