Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$65.38.

A number of equities analysts have weighed in on PPL shares. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. ATB Cormark Capital Markets increased their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. BMO Capital Markets increased their target price on shares of Pembina Pipeline from C$60.00 to C$63.00 in a report on Wednesday, April 8th. Barclays increased their target price on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their target price for the stock from C$65.00 to C$75.00 in a report on Tuesday, May 26th.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$67.59 on Friday. Pembina Pipeline has a fifty-two week low of C$48.74 and a fifty-two week high of C$69.42. The business has a 50-day simple moving average of C$63.74 and a two-hundred day simple moving average of C$59.05. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The firm has a market cap of C$39.30 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The business had revenue of C$2.11 billion during the quarter. On average, analysts expect 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.