Pembina Pipeline (TSE:PPL) Upgraded by CSFB to “Outperform”

CSFB upgraded shares of Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) from a neutral rating to an outperform rating in a report issued on Thursday, BayStreet.CA reports.

Other analysts also recently issued reports about the stock. Scotiabank boosted their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research report on Monday, February 27th. Canaccord Genuity Group decreased their price target on Pembina Pipeline from C$55.00 to C$53.00 in a research note on Wednesday, March 29th. Barclays reduced their target price on Pembina Pipeline from C$52.00 to C$49.00 in a report on Thursday, April 20th. National Bankshares boosted their price objective on shares of Pembina Pipeline from C$46.00 to C$47.00 and gave the stock a sector perform rating in a research note on Friday, January 27th. Finally, CIBC raised their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the company a neutral rating in a research note on Monday, February 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of C$50.82.

Pembina Pipeline Price Performance

PPL opened at C$41.65 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.50 and a debt-to-equity ratio of 72.14. Pembina Pipeline has a 1 year low of C$40.81 and a 1 year high of C$53.58. The stock has a fifty day moving average price of C$43.47 and a 200 day moving average price of C$45.39. The stock has a market cap of C$22.92 billion, a price-to-earnings ratio of 8.47, a PEG ratio of 4.86 and a beta of 1.57.

Pembina Pipeline (TSE:PPL – Get Rating) (NYSE:PBA) last announced its quarterly earnings results on Thursday, February 23rd. The company reported C$0.39 EPS for the quarter, missing the consensus estimate of C$0.69 by C($0.30). Pembina Pipeline had a net margin of 26.30% and a return on equity of 18.90%. Analysts forecast that Pembina Pipeline will post 2.7405476 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.668 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.65. This represents a $2.67 dividend on an annualized basis and a yield of 6.42%. Pembina Pipeline’s dividend payout ratio is 54.27%.

Pembina Pipeline Company Profile

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.