Pembina Pipeline (TSE:PPL) Hits New 52-Week High – Should You Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during trading on Monday . The stock traded as high as C$72.28 and last traded at C$72.10, with a volume of 47621 shares traded. The stock had previously closed at C$71.81.

Analysts Set New Price Targets

Several equities analysts have recently commented on PPL shares. ATB Cormark Capital Markets boosted their price objective on Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday, July 3rd. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. TD Securities raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and raised their target price for the stock from C$65.00 to C$75.00 in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their price objective on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of C$66.57.

Pembina Pipeline Price Performance

The firm has a 50-day simple moving average of C$67.10 and a 200-day simple moving average of C$61.62. The firm has a market cap of C$41.91 billion, a P/E ratio of 27.10, a PEG ratio of 1.58 and a beta of 0.27. 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 (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The company had revenue of C$2.11 billion for the quarter. As a group, analysts forecast that Pembina Pipeline Co. will post 3.439908 EPS for the current 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.