Pembina Pipeline (TSE:PPL) Raised to “Moderate Buy” at Raymond James

Raymond James upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a moderate buy rating in a research note published on Thursday morning, Zacks.com reports.

Several other equities analysts have also issued reports on the company. UBS Group raised Pembina Pipeline to a hold rating in a report on Wednesday, September 11th. National Bankshares upped their target price 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. Jefferies Financial Group increased their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a buy rating in a report on Monday, July 29th. BMO Capital Markets increased their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. Finally, Royal Bank of Canada increased their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an outperform rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$58.29.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$58.80 on Thursday. The company has a market cap of C$34.12 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. 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 business has a 50 day moving average price of C$54.73 and a 200-day moving average price of C$51.65. Pembina Pipeline has a 52 week low of C$41.16 and a 52 week high of C$58.93.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The business had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Equities analysts anticipate that Pembina Pipeline will post 3.3857479 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.69%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

Insider Buying and Selling

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