Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$66.57.

PPL has been the subject of several recent research reports. Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their target price for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. Canadian Imperial Bank of Commerce upped their price target on Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a report on Friday, July 3rd. Scotia increased their price objective on Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a research report on Friday, July 3rd. TD raised Pembina Pipeline from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. Finally, ATB Cormark Capital Markets lifted their target price on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, July 3rd.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$68.42 on Thursday. Pembina Pipeline has a 52 week low of C$48.74 and a 52 week high of C$69.42. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. The stock has a market cap of C$39.78 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.58 and a beta of 0.27. The company’s 50-day moving average price is C$65.98 and its two-hundred day moving average price is C$60.71.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. The company had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. As a group, sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.