TD Securities Reiterates "C$66.00" Price Target for Pembina Pipeline (TSE:PPL)

TD Securities set a C$66.00 target price on Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on PPL. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a "hold" rating in a report on Thursday, October 3rd. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an "overweight" rating in a report on Thursday, December 12th. Royal Bank of Canada upped 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. BMO Capital Markets decreased their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Finally, Raymond James dropped their price target on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Pembina Pipeline presently has an average rating of "Moderate Buy" and a consensus price target of C$59.33.

Pembina Pipeline Trading Up 0.4 %

Shares of TSE PPL traded up C$0.22 during trading hours on Wednesday, hitting C$52.95. The company's stock had a trading volume of 1,290,470 shares, compared to its average volume of 1,751,023. The business has a 50-day simple moving average of C$55.34 and a 200-day simple moving average of C$54.85. The stock has a market cap of C$30.72 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. 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 issued 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 business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.21%. Pembina Pipeline's dividend payout ratio is currently 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.