Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, National Bankshares Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by equities research analysts at National Bankshares from C$57.00 to C$60.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 18.41% from the company’s previous close.

A number of other brokerages have also weighed in on PPL. TD Securities reduced their price objective on Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a report on Thursday, August 28th. Raymond James Financial upped their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday. BMO Capital Markets cut their target price on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday. Finally, CIBC reduced their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$58.64.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$50.67 on Wednesday. The company has a market cap of C$29.44 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.58 and a beta of 0.60. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The firm has a 50 day simple moving average of C$53.50 and a 200 day simple moving average of C$52.63. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$59.20.

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

About Pembina Pipeline

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.