TD Securities Upgrades Pembina Pipeline (TSE:PPL) to "Strong-Buy"

TD Securities upgraded shares of Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on PPL. BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Royal Bank of Canada lifted their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Wells Fargo & Company cut Pembina Pipeline from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an "overweight" rating in a research report on Thursday, December 12th. Finally, Raymond James decreased their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$59.33.

Pembina Pipeline Stock Up 0.7 %

Shares of PPL stock traded up C$0.39 during trading hours on Tuesday, hitting C$53.34. 1,372,165 shares of the company's stock traded hands, compared to its average volume of 1,716,581. 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 stock has a market cap of C$30.95 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.58 and a beta of 1.48. The stock's fifty day simple moving average is C$55.23 and its two-hundred day simple moving average is C$54.87. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72.

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). 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 for the quarter, compared to analysts' expectations of C$2.03 billion. On average, analysts expect that Pembina Pipeline will post 3.439908 EPS for the current 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 given a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.17%. Pembina Pipeline's payout ratio 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.