BMO Capital Markets Increases Pembina Pipeline (TSE:PPL) Price Target to C$58.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective boosted by investment analysts at BMO Capital Markets from C$56.00 to C$58.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 5.63% from the stock’s current price.

A number of other research analysts have also weighed in on the company. National Bankshares increased their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Tudor Pickering & Holt increased their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, July 5th. ATB Capital lifted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Wednesday, July 24th. TD Securities upped their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, Scotiabank raised their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a report on Sunday, May 19th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$56.77.

Pembina Pipeline Stock Up 0.0 %

PPL stock opened at C$54.91 on Thursday. The stock has a market capitalization of C$31.86 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$55.38. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The firm has a 50 day moving average of C$52.65 and a 200 day moving average of C$50.10.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The company had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Sell-side analysts forecast that Pembina Pipeline will post 3.3867748 earnings per share for the current year.

Insider Buying and Selling

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is currently owned by insiders.

Pembina Pipeline Company Profile

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.