Pembina Pipeline (TSE:PPL) Price Target Increased to C$56.00 by Analysts at Jefferies Financial Group

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target increased by Jefferies Financial Group from C$55.00 to C$56.00 in a research report released on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on the stock. Citigroup boosted their target price on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the company a neutral rating in a report on Tuesday, May 21st. National Bankshares boosted their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 in a report on Wednesday, June 26th. Wells Fargo & Company upped their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Stifel Nicolaus upped their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a buy rating in a report on Friday, April 19th. Finally, CIBC upped their price objective on shares of Pembina Pipeline from C$58.00 to C$59.00 and gave the company an outperform rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Pembina Pipeline has a consensus rating of Moderate Buy and a consensus price target of C$54.67.

Pembina Pipeline Price Performance

PPL stock opened at C$51.19 on Wednesday. The firm has a market cap of C$29.67 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 4.80 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$51.67. The company’s fifty day simple moving average is C$50.02 and its 200 day simple moving average is C$47.83.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion during the quarter, compared to analyst estimates of C$2.50 billion. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. On average, analysts expect that Pembina Pipeline will post 3.1496556 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Monday, June 17th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio is currently 88.75%.

Insider Buying and Selling

In related news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. Also, Senior Officer Cameron Goldade sold 21,689 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Insiders have sold 56,037 shares of company stock worth $2,822,669 in the last quarter. Insiders own 0.04% of the company’s stock.

About Pembina Pipeline

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.