Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have received a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$58.67.

Several analysts have recently weighed in on PPL shares. BMO Capital Markets decreased their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. JPMorgan Chase & Co. boosted their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Raymond James lowered their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$53.39 on Friday. The firm has a fifty day moving average price of C$56.14 and a two-hundred day moving average price of C$54.71. Pembina Pipeline has a fifty-two week low of C$44.56 and a fifty-two week high of C$60.72. 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 company has a market cap of C$30.98 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its 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). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Analysts expect that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.17%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 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.