BMO Capital Markets Increases Pembina Pipeline (TSE:PPL) Price Target to C$56.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective raised by BMO Capital Markets from C$54.00 to C$56.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research analysts have also weighed in on PPL. TD Securities lifted their target price on Pembina Pipeline from C$53.00 to C$56.00 and gave the company a buy rating in a report on Tuesday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a neutral rating in a research note on Friday, April 12th. Jefferies Financial Group increased their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a buy rating in a research note on Monday, July 29th. Tudor Pickering & Holt increased their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Finally, Citigroup boosted their target price on Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$55.64.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$52.20 on Friday. The firm has a market capitalization of C$30.25 billion, a P/E ratio of 16.78, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$53.82. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50. The business has a fifty day moving average price of C$51.45 and a 200-day moving average price of C$49.16.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.29%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.75%.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction that occurred on 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. In other news, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline 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 transaction of C$1,098,764.74. Also, Senior Officer J. Scott Burrows bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were purchased at an average cost of C$50.19 per share, with a total value of C$50,190.00. 0.04% of the stock is currently owned by 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.