Brokerages Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$59.33

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has been assigned an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$59.33.

PPL has been the subject of several recent analyst reports. TD Securities set a C$66.00 price target on Pembina Pipeline and gave the company a "buy" rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a research report on Thursday, October 3rd. Raymond James cut their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. BMO Capital Markets reduced their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an "overweight" rating in a research note on Thursday, December 12th.

Pembina Pipeline Stock Performance

PPL stock traded up C$0.50 on Thursday, hitting C$53.35. The company's stock had a trading volume of 1,373,227 shares, compared to its average volume of 1,874,416. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The stock has a market cap of C$30.95 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1 year low of C$44.56 and a 1 year high of C$60.72. The firm has a 50 day moving average of C$54.32 and a two-hundred day moving average of C$55.05.

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

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.17%. The ex-dividend date was Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) 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.