Pembina Pipeline (TSE:PPL) Sets New 1-Year High – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$67.88 and last traded at C$67.77, with a volume of 212675 shares traded. The stock had previously closed at C$67.35.

Analyst Ratings Changes

PPL has been the topic of several recent research reports. ATB Cormark Capital Markets raised their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Canadian Imperial Bank of Commerce raised their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. Finally, Barclays raised their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$62.82.

Pembina Pipeline Stock Up 0.6%

The company has a market cap of C$39.39 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. The firm’s 50 day moving average price is C$61.57 and its 200-day moving average price is C$57.23.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. As a group, equities research analysts expect that Pembina Pipeline Co. will post 3.439908 EPS 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.