CIBC Boosts Pembina Pipeline (TSE:PPL) Price Target to C$57.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lifted by CIBC from C$56.00 to C$57.00 in a research note released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also weighed in on PPL. National Bankshares lifted their price objective on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a sector perform rating in a research note on Tuesday, January 30th. BMO Capital Markets lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Jefferies Financial Group lifted their price target on Pembina Pipeline from C$52.00 to C$54.00 and gave the company a buy rating in a research note on Wednesday, April 17th. Citigroup lifted their price target on Pembina Pipeline from C$47.00 to C$50.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Finally, TD Securities lifted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$53.08.

Pembina Pipeline Stock Performance

TSE PPL opened at C$47.98 on Friday. The stock has a 50-day simple moving average of C$47.30 and a two-hundred day simple moving average of C$45.49. The firm has a market capitalization of C$26.36 billion, a P/E ratio of 16.05, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$48.97. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. On average, equities analysts forecast that Pembina Pipeline will post 3.0374298 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the stock in a transaction dated Tuesday, April 9th. The shares were bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. 0.07% of the stock is currently owned by insiders.

About Pembina Pipeline

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.