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

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$58.86.

A number of analysts have recently weighed in on PPL shares. National Bankshares boosted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a report on Friday, August 23rd. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. Citigroup increased their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Finally, Raymond James set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an "outperform" rating in a research note on Friday, October 11th.

Pembina Pipeline Price Performance

PPL stock traded down C$0.09 during mid-day trading on Wednesday, hitting C$55.18. The company had a trading volume of 11,401,443 shares, compared to its average volume of 2,743,388. The company has a market capitalization of C$32.02 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a 50-day moving average price of C$58.00 and a 200 day moving average price of C$54.36. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts' consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analysts' expectations of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, research analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Monday, December 16th. Pembina Pipeline's dividend payout ratio is 84.66%.

Pembina Pipeline Company Profile

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.