Pembina Pipeline (PPL) Given New C$54.00 Price Target at National Bank Financial

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by investment analysts at National Bank Financial from C$52.00 to C$54.00 in a research report issued to clients and investors on Monday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 26.88% from the company’s previous close.

PPL has been the topic of several other reports. CIBC raised their price target on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. TD Securities raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Scotiabank raised their price target on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. Nine equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$51.22.

Pembina Pipeline (PPL) traded down C$0.24 during trading on Monday, hitting C$42.56. 426,613 shares of the company’s stock traded hands, compared to its average volume of 1,020,648. Pembina Pipeline has a one year low of C$39.04 and a one year high of C$46.17. The firm has a market cap of $21,460.00, a PE ratio of 33.74 and a beta of 0.37.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a return on equity of 6.24% and a net margin of 10.28%.

In related news, Director Henry William Sykes bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$44.79 per share, with a total value of C$44,790.00. Also, Director Bruce D. Rubin bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average cost of C$35.37 per share, for a total transaction of C$176,850.00. Insiders purchased 8,915 shares of company stock worth $334,311 over the last three months.

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Pembina Pipeline Company Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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