Pembina Pipeline Co. (TSE:PPL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average rating of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$54.25.

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the company a “neutral” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Jefferies Financial Group boosted their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a “buy” rating in a research report on Monday, May 13th. National Bankshares upped their price objective on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Monday, May 13th. Finally, BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total value of C$1,098,764.74. In related news, Director Henry William Sykes bought 1,984 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average cost of C$48.44 per share, with a total value of C$96,098.02. Also, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Insiders own 0.04% of the company’s stock.

Pembina Pipeline Trading Up 0.2 %

PPL opened at C$49.88 on Friday. The firm’s fifty day simple moving average is C$48.63 and its 200 day simple moving average is C$46.75. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$50.97. The stock has a market capitalization of C$28.91 billion, a P/E ratio of 16.04, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a current ratio of 1.03, a quick ratio of 0.50 and a debt-to-equity ratio of 74.45.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, beating the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The company had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. As a group, research analysts anticipate that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, June 17th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.53%. Pembina Pipeline’s payout ratio is presently 88.75%.

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.