Pembina Pipeline (TSE:PPL) Stock Gets Price Target Increase from National Bank Financial

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by equities research analysts at National Bank Financial from C$73.00 to C$74.00 in a report released on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective would indicate a potential upside of 8.20% from the stock’s current price.

Other analysts have also issued reports about the stock. BMO Capital Markets upped their price objective 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. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. TD boosted their price target on shares of Pembina Pipeline from C$79.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and upped their price target for the stock from C$69.00 to C$73.00 in a research report on Tuesday, July 21st. Finally, ATB Cormark Capital Markets increased their price objective on shares of Pembina Pipeline from C$77.00 to C$79.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$70.50.

Pembina Pipeline Stock Up 0.3%

Shares of PPL stock traded up C$0.23 during mid-day trading on Monday, hitting C$68.39. The stock had a trading volume of 654,403 shares, compared to its average volume of 2,436,063. Pembina Pipeline has a 12-month low of C$50.15 and a 12-month high of C$72.72. The firm has a market capitalization of C$39.77 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The firm’s 50-day moving average is C$67.43 and its two-hundred day moving average is C$64.77. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.77 EPS for the quarter. The firm had revenue of C$2.18 billion for the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%. On average, analysts predict that Pembina Pipeline will post 3.44 earnings per share 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.