Pembina Pipeline (TSE:PPL) Given New C$56.00 Price Target at Stifel Nicolaus

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by Stifel Nicolaus from C$55.00 to C$56.00 in a research note released on Friday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on PPL. National Bankshares upped their target price on Pembina Pipeline from C$46.00 to C$50.00 and gave the company a sector perform rating in a research report on Tuesday, January 30th. BMO Capital Markets upped their target price on Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. TD Securities upped their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Friday, April 5th. ATB Capital upped their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Finally, Wells Fargo & Company upped their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$52.77.

Pembina Pipeline Stock Up 1.7 %

TSE PPL opened at C$47.98 on Friday. The stock has a market cap of C$26.36 billion, a PE ratio of 16.05, a P/E/G 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 business has a 50 day moving average price of C$47.30 and a two-hundred day moving average price of C$45.41. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. As a group, sell-side analysts predict that Pembina Pipeline will post 3.0374298 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction 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. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction 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 that occurred on Tuesday, April 9th. The shares were purchased at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. Corporate insiders own 0.07% of the company’s stock.

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.