Pembina Pipeline Co. (TSE:PPL) Receives C$56.77 Average PT from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA have received an average recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$56.77.

PPL has been the subject of several analyst reports. UBS Group upgraded Pembina Pipeline to a "hold" rating in a report on Wednesday, September 11th. Royal Bank of Canada raised their target price on Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Monday, August 12th. Jefferies Financial Group boosted their target price on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a "buy" rating in a research report on Monday, July 29th. CIBC increased their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Finally, ATB Capital raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th.

Pembina Pipeline Trading Up 0.0 %

Shares of PPL stock opened at C$55.45 on Friday. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$56.30. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The stock's fifty day moving average is C$53.81 and its two-hundred day moving average is C$50.94. The firm has a market capitalization of C$32.17 billion, a P/E ratio of 17.01, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.86 billion during the quarter, compared to analysts' expectations of C$1.99 billion. Research analysts expect that Pembina Pipeline will post 3.3599756 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Monday, September 16th. Pembina Pipeline's dividend payout ratio (DPR) is currently 84.66%.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. 0.05% of the stock is currently owned by corporate insiders.

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.