Pembina Pipeline (TSE:PPL) Price Target Raised to C$52.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by JPMorgan Chase & Co. from C$51.00 to C$52.00 in a research report released on Friday, BayStreet.CA reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

PPL has been the topic of several other research reports. TD Securities lifted their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a buy rating in a research note on Friday, April 5th. Citigroup raised their target price on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a neutral rating in a report on Wednesday, March 6th. Stifel Nicolaus raised their target price on shares of Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a buy rating in a report on Wednesday, December 20th. Jefferies Financial Group set a C$52.00 target price on shares of Pembina Pipeline and gave the stock a buy rating in a report on Tuesday, February 27th. Finally, National Bankshares raised their target price on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a sector perform rating in a report on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of Moderate Buy and a consensus target price of C$52.42.

Pembina Pipeline Stock Down 0.4 %

Pembina Pipeline stock opened at C$47.83 on Friday. The company’s 50 day simple moving average is C$47.09 and its 200 day simple moving average is C$45.17. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$48.97. The firm has a market capitalization of C$26.28 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. The business had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. As a group, sell-side analysts anticipate that Pembina Pipeline will post 3.0374298 EPS for the current year.

Insider Activity

In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. In related news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. 0.07% of the stock is 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.