Pembina Pipeline (TSE:PPL) Sets New 1-Year High at $49.04

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price reached a new 52-week high on Friday . The stock traded as high as C$49.04 and last traded at C$48.76, with a volume of 152736 shares trading hands. The stock had previously closed at C$48.78.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PPL shares. Citigroup upped their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 6th. Stifel Nicolaus increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a research note on Friday, April 19th. TD Securities raised their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, CIBC raised their price target on Pembina Pipeline from C$56.00 to C$57.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$53.08.

Pembina Pipeline Price Performance

The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The firm has a market capitalization of C$26.90 billion, a P/E ratio of 16.37, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a 50-day moving average price of C$47.61 and a 200-day moving average price of C$45.76.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. On average, sell-side analysts predict that Pembina Pipeline Co. will post 3.0374298 earnings per share for the current year.

Insider Activity

In related news, Director Henry William Sykes bought 1,984 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, with a total value of C$96,098.02. In other Pembina Pipeline news, Director Henry William Sykes acquired 1,984 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. Corporate insiders own 0.07% of the company’s stock.

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.