Pembina Pipeline (TSE:PPL) Price Target Cut to C$59.00 by Analysts at BMO Capital Markets

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its target price reduced by BMO Capital Markets from C$61.00 to C$59.00 in a research note published on Friday morning,BayStreet.CA reports.

PPL has been the topic of several other research reports. Citigroup boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Raymond James lowered their target price on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. National Bankshares upped their target price on 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. Finally, Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$59.07.

Pembina Pipeline Stock Performance

Shares of PPL stock traded down C$0.33 during trading hours on Friday, reaching C$54.61. 8,993,599 shares of the company traded hands, compared to its average volume of 2,775,105. The firm has a 50-day moving average price of C$57.90 and a 200 day moving average price of C$54.47. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72. The company has a market cap of C$31.69 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released 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). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. As a group, sell-side analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) is presently 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.