Pembina Pipeline (TSE:PPL) Reaches New 52-Week High – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$63.20 and last traded at C$63.05, with a volume of 2766416 shares traded. The stock had previously closed at C$62.10.

Analysts Set New Price Targets

PPL has been the topic of a number of research reports. National Bank Financial raised their target price on shares of Pembina Pipeline from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. BMO Capital Markets cut shares of Pembina Pipeline from an “outperform” rating to a “hold” rating and upped their price target for the stock from C$58.00 to C$60.00 in a research report on Friday, February 27th. ATB Cormark Capital Markets increased their price target on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, March 2nd. Royal Bank Of Canada raised their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial boosted their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$61.00.

Pembina Pipeline Price Performance

The company has a market cap of C$36.65 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.58 and a beta of 0.53. The business’s 50 day moving average price is C$58.86 and its 200-day moving average price is C$55.45. The company has a quick ratio of 0.50, a current ratio of 0.61 and a debt-to-equity ratio of 82.58.

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