Raymond James Cuts Pembina Pipeline (TSE:PPL) Price Target to C$61.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price cut by Raymond James from C$62.00 to C$61.00 in a report issued on Friday,BayStreet.CA reports.

PPL has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company increased their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Citigroup lifted their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$59.07.

Pembina Pipeline Stock Down 0.6 %

PPL stock opened at C$54.61 on Friday. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72. The company has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The firm’s 50-day moving average is C$57.90 and its two-hundred day moving average is C$54.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is presently 84.66%.

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.