Pembina Pipeline (TSE:PPL) Upgraded at UBS Group

UBS Group upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a hold rating in a report issued on Wednesday, Zacks.com reports.

A number of other research firms have also weighed in on PPL. National Bankshares increased their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a sector perform rating in a research note on Friday, August 23rd. Tudor Pickering & Holt upped their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Jefferies Financial Group raised their target price on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a buy rating in a research report on Monday, July 29th. TD Securities boosted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Finally, BMO Capital Markets lifted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$56.77.

Pembina Pipeline Price Performance

TSE PPL opened at C$56.10 on Wednesday. The company has a market cap of C$32.55 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The stock’s fifty day moving average price is C$53.08 and its 200 day moving average price is C$50.42. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$56.30.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.99 billion. As a group, equities research analysts forecast that Pembina Pipeline will post 3.4183168 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a $0.69 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.92%. Pembina Pipeline’s payout ratio is currently 84.66%.

Insider Buying and Selling

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

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.