Pembina Pipeline (TSE:PPL) Reaches New 1-Year High on Analyst Upgrade

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price hit 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 company traded as high as C$69.52 and last traded at C$69.27, with a volume of 192758 shares traded. The stock had previously closed at C$67.27.

PPL has been the topic of several other reports. ATB Cormark Capital Markets lifted their price target on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. increased their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a report on Friday, May 15th. 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 report on Tuesday, May 26th. BMO Capital Markets boosted their target price on Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. Finally, Scotia boosted their target price on Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$66.57.

Pembina Pipeline Stock Performance

The firm has a fifty day moving average of C$66.52 and a 200 day moving average of C$61.21. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The stock has a market capitalization of C$40.87 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.58 and a beta of 0.27.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) 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, sell-side analysts anticipate that Pembina Pipeline Co. will post 3.439908 earnings per share for the current fiscal 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.