Pembina Pipeline (TSE:PPL) Price Target Raised to C$69.00 at Barclays

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by Barclays from C$63.00 to C$69.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 1.66% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. ATB Cormark Capital Markets upped their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. TD Securities upped their price objective on shares of Pembina Pipeline from C$63.00 to C$65.00 and gave the company a “hold” rating in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$63.92.

Pembina Pipeline Trading Up 0.2%

Shares of Pembina Pipeline stock traded up C$0.12 during trading on Thursday, hitting C$67.87. The company’s stock had a trading volume of 515,918 shares, compared to its average volume of 2,381,382. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. Pembina Pipeline has a 52 week low of C$48.74 and a 52 week high of C$69.10. The stock has a market cap of C$39.46 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The stock has a 50-day moving average price of C$61.86 and a two-hundred day moving average price of C$57.45.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) 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%. Equities research analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Company Profile

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.