Pembina Pipeline Co. (TSE:PPL) Receives C$59.33 Average PT from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$59.33.

A number of equities analysts recently issued reports on PPL shares. Raymond James lowered their price target on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the stock a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. BMO Capital Markets decreased their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Finally, Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th.

Pembina Pipeline Price Performance

TSE:PPL opened at C$52.46 on Thursday. The stock’s fifty day moving average is C$54.03 and its two-hundred day moving average is C$55.07. Pembina Pipeline has a 52 week low of C$44.56 and a 52 week high of C$60.72. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The company has a market capitalization of C$30.44 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The business had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Equities analysts expect that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.69 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.26%. Pembina Pipeline’s dividend payout ratio 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.