Brokerages Set Pembina Pipeline Co. (TSE:PPL) Target Price at C$56.62

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$56.62.

PPL has been the subject of several recent research reports. TD Securities lifted their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. CIBC lifted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Royal Bank of Canada boosted their target price on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Citigroup raised their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Finally, Tudor Pickering & Holt lifted their price target on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th.

Pembina Pipeline Stock Up 0.2 %

Pembina Pipeline stock opened at C$54.83 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The company has a market capitalization of C$31.81 billion, a P/E ratio of 16.82, a P/E/G ratio of 4.80 and a beta of 1.48. The firm has a 50 day moving average price of C$52.48 and a 200-day moving average price of C$50.04. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$55.05.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. As a group, equities analysts predict that Pembina Pipeline will post 3.3867748 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

Insider Activity at Pembina Pipeline

In related 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. In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 Pembina Pipeline stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. 0.05% of the stock is currently owned by insiders.

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.