Pembina Pipeline (TSE:PPL) Hits New 1-Year High After Analyst Upgrade

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Monday after Wells Fargo & Company upgraded the stock from a strong sell rating to a strong-buy rating. The stock traded as high as C$69.52 and last traded at C$69.27, with a volume of 192758 shares changing hands. The stock had previously closed at C$67.27.

PPL has been the subject of several other research reports. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Scotia upped their price target on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a research note on Friday, July 3rd. Canadian Imperial Bank of Commerce raised their price objective on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an “outperformer” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Finally, Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and raised their price objective for the company from C$63.00 to C$70.00 in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$66.57.

Pembina Pipeline Price Performance

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 stock has a market capitalization of C$40.87 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 1.58 and a beta of 0.27. The firm has a 50-day moving average price of C$66.52 and a 200 day moving average price of C$61.21.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released 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 company had revenue of C$2.11 billion during the quarter. On average, analysts expect that Pembina Pipeline Co. will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

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.