Pembina Pipeline (TSE:PPL) Price Target Raised to C$76.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by Raymond James Financial from C$75.00 to C$76.00 in a report issued on Monday,BayStreet reports. They currently have an outperform rating on the stock.

PPL has been the topic of several other research reports. Wells Fargo & Company upgraded shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, July 13th. ATB Cormark Capital Markets lifted their price target on Pembina Pipeline from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. National Bank Financial increased their price objective on Pembina Pipeline from C$73.00 to C$74.00 and gave the company an “outperform” rating in a research report on Monday. Barclays lifted their target price on Pembina Pipeline from C$69.00 to C$70.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. Finally, BMO Capital Markets lifted their price target on shares of Pembina Pipeline from C$68.00 to C$72.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$70.50.

Pembina Pipeline Trading Up 2.2%

TSE:PPL opened at C$71.04 on Monday. The company has a market capitalization of C$41.32 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.58 and a beta of 0.42. The stock’s 50 day moving average price is C$67.57 and its 200 day moving average price is C$64.99. The company has a debt-to-equity ratio of 79.68, a quick ratio of 0.50 and a current ratio of 0.75. Pembina Pipeline has a 52 week low of C$50.15 and a 52 week high of C$72.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, November 5th. The company reported C$0.77 earnings per share (EPS) for the quarter. The firm had revenue of C$2.18 billion during the quarter. Pembina Pipeline had a net margin of 25.02% and a return on equity of 12.18%. On average, research analysts forecast that Pembina Pipeline will post 3.44 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.