BMO Capital Markets Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective reduced by equities researchers at BMO Capital Markets from C$59.00 to C$58.00 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 12.69% from the company’s current price.

A number of other equities research analysts also recently weighed in on PPL. TD Securities dropped their price objective on Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. CIBC decreased their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday. Royal Bank Of Canada set a C$62.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Raymond James Financial boosted their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday. Finally, Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus price target of C$58.64.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$51.47 on Tuesday. The firm has a market cap of C$29.90 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.58 and a beta of 0.60. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$59.20. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The company’s 50 day moving average is C$53.60 and its 200 day moving average is C$52.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The business had revenue of C$1.79 billion for the quarter. On average, sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.