Analysts Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$58.86

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$59.07.

Several research firms have recently issued reports on PPL. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday. Citigroup boosted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Royal Bank of Canada increased their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$54.61 on Wednesday. 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 has a one year low of C$43.64 and a one year high of C$60.72. The stock has a market capitalization of C$31.69 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The business’s 50 day simple moving average is C$57.95 and its two-hundred day simple moving average is C$54.43.

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

Pembina Pipeline Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

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.