Pembina Pipeline Co. (TSE:PPL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$53.08.

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Wells Fargo & Company boosted their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. CIBC increased their price target on shares of Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. ATB Capital raised their target price on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Finally, TD Securities boosted their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, April 5th.

Pembina Pipeline Trading Up 0.4 %

PPL opened at C$48.55 on Tuesday. The stock has a 50-day moving average of C$47.84 and a 200 day moving average of C$45.96. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$49.39. The firm has a market cap of C$26.68 billion, a P/E ratio of 16.24, a P/E/G ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. As a group, research analysts forecast that Pembina Pipeline will post 3.0374298 EPS for the current year.

Insider Activity at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the company’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 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 value of C$259,429.48. Also, Director Henry William Sykes purchased 1,984 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired 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 owned by corporate 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.