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

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by stock analysts at Scotia from C$65.00 to C$69.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s target price would indicate a potential upside of 3.40% from the stock’s previous close.

PPL has been the topic of several other reports. JPMorgan Chase & Co. raised their target price on Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. National Bank Financial increased their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. BMO Capital Markets raised their price target on Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. ATB Cormark Capital Markets lifted their price objective on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$66.57.

Pembina Pipeline Stock Performance

TSE PPL traded up C$0.91 on Friday, hitting C$66.73. The stock had a trading volume of 351,336 shares, compared to its average volume of 2,601,525. The company’s 50-day moving average is C$65.31 and its two-hundred day moving average is C$60.27. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$69.42. The stock has a market cap of C$38.80 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.58 and a beta of 0.28. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35.

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