Pembina Pipeline Co. (TSE:PPL) Given Average Recommendation of "Moderate Buy" by Brokerages

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA has been given an average recommendation of "Moderate Buy" by the twelve analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$58.29.

Several research firms have recently issued reports on PPL. Jefferies Financial Group raised their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Citigroup raised their target price on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Raymond James set a C$63.00 price target on Pembina Pipeline and gave the company an "outperform" rating in a research note on Friday, October 11th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a "hold" rating in a report on Thursday, October 3rd. Finally, UBS Group raised shares of Pembina Pipeline to a "hold" rating in a research note on Wednesday, September 11th.

Pembina Pipeline Price Performance

PPL traded down C$0.04 during midday trading on Tuesday, hitting C$59.40. The company had a trading volume of 1,274,012 shares, compared to its average volume of 2,793,880. Pembina Pipeline has a twelve month low of C$41.51 and a twelve month high of C$59.86. The firm's 50-day simple moving average is C$55.49 and its 200-day simple moving average is C$52.13. The company has a market capitalization of C$34.46 billion, a PE ratio of 18.23, 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 (TSE:PPL - Get Free Report) NYSE: PBA last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Equities research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.65%. Pembina Pipeline's payout ratio is 84.66%.

Insiders Place Their Bets

In related news, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company's stock in a transaction on 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. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Insiders own 0.05% of the company's stock.

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.