Pembina Pipeline Co. (TSE:PPL) Receives C$58.86 Average PT from Brokerages

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has received a consensus recommendation of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$58.86.

PPL has been the topic of a number of recent research reports. Citigroup raised their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. BMO Capital Markets lifted their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. UBS Group raised Pembina Pipeline to a "hold" rating in a research note on Wednesday, September 11th. Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Finally, Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the company an "outperform" rating in a research report on Friday, October 11th.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Insiders own 0.05% of the company's stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded down C$0.10 during trading on Friday, hitting C$58.66. 1,597,800 shares of the stock traded hands, compared to its average volume of 2,687,307. The firm's fifty day moving average is C$57.28 and its 200-day moving average is C$53.45. The stock has a market cap of C$34.04 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$43.37 and a 52 week high of C$59.86. 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 (TSE:PPL - Get Free Report) NYSE: PBA last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.79 by C($0.19). The business had revenue of C$1.84 billion during the quarter, compared to analysts' expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Monday, December 16th. Pembina Pipeline's dividend payout ratio is 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.