Pembina Pipeline Co. (TSE:PPL) Receives Average Rating of “Hold” from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average rating of “Hold” by the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$63.92.

Several brokerages have recently commented on PPL. ATB Cormark Capital Markets boosted their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Barclays boosted their target price on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a research report on Thursday. National Bank Financial boosted their target price on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Canadian Imperial Bank of Commerce upped their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research report on Wednesday, April 8th. Finally, Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and upped their price objective for the stock from C$63.00 to C$70.00 in a research report on Monday, May 18th.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$68.45 on Wednesday. The firm has a 50 day moving average of C$62.17 and a 200-day moving average of C$57.67. The stock has a market capitalization of C$39.80 billion, a PE ratio of 25.73, a PEG ratio of 1.58 and a beta of 0.42. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$69.10.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The company had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. On average, equities research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

About Pembina Pipeline

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.