Raymond James Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its target price reduced by analysts at Raymond James from C$62.00 to C$61.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James' price objective indicates a potential upside of 11.70% from the company's current price.

Other analysts have also issued research reports about the company. Royal Bank of Canada increased their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. National Bankshares raised their price target on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Citigroup raised their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Barclays set a C$63.00 price target on Pembina Pipeline and gave the stock an "overweight" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price target 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. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$59.07.

Pembina Pipeline Trading Down 0.6 %

Shares of TSE:PPL traded down C$0.33 during trading 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 market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$43.64 and a 52-week high of C$60.72. 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 business's fifty day moving average is C$57.90 and its 200-day moving average is C$54.47.

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 for the quarter, missing analysts' consensus estimates of C$0.79 by C($0.19). The company had revenue of C$1.84 billion for 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%. As a group, analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current year.

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.