Pembina Pipeline (TSE:PPL) Price Target Raised to C$63.00 at Wells Fargo & Company

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by Wells Fargo & Company from C$61.00 to C$63.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other analysts also recently issued reports on the company. Raymond James set a C$63.00 price target on Pembina Pipeline and gave the company an “outperform” rating in a research note on Friday, October 11th. Royal Bank of Canada upped their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares lifted 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. Citigroup increased their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Finally, UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.86.

Pembina Pipeline Price Performance

TSE:PPL opened at C$58.66 on Wednesday. The company has a market cap of C$34.04 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.58 and a beta of 1.48. The firm’s fifty day moving average price is C$57.28 and its two-hundred day moving average price is C$53.45. Pembina Pipeline has a one year low of C$43.37 and a one year high of C$59.86. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Equities analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insider Activity

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction 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. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction on 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 currently owned by corporate 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.