Pembina Pipeline Co. (TSE:PPL) Receives Average Recommendation of “Hold” from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$61.00.

PPL has been the topic of several research analyst reports. ATB Cormark Capital Markets boosted their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Barclays lifted their price target on shares of Pembina Pipeline from C$57.00 to C$62.00 in a research report on Monday, March 2nd. BMO Capital Markets downgraded shares of Pembina Pipeline from an “outperform” rating to a “hold” rating and boosted their price target for the company from C$58.00 to C$60.00 in a research note on Friday, February 27th. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, TD Securities increased their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the stock a “hold” rating in a research report on Friday, February 27th.

Pembina Pipeline Price Performance

PPL stock opened at C$62.95 on Tuesday. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$64.27. The company has a quick ratio of 0.50, a current ratio of 0.61 and a debt-to-equity ratio of 82.58. The stock has a market cap of C$36.59 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.58 and a beta of 0.53. The business has a fifty day moving average of C$59.43 and a two-hundred day moving average of C$55.67.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 EPS for the quarter. The business had revenue of C$1.91 billion for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%. As a group, research analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.