BMO Capital Markets Cuts Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target reduced by BMO Capital Markets from C$61.00 to C$59.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Several other research firms have also weighed in on PPL. National Bankshares boosted their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Citigroup boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price target on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Finally, Raymond James decreased their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$59.07.

Pembina Pipeline Price Performance

Shares of PPL stock opened at C$54.61 on Friday. Pembina Pipeline has a 52-week low of C$43.64 and a 52-week high of C$60.72. The firm has a market capitalization of C$31.69 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.58 and a beta of 1.48. The stock has a 50 day moving average price of C$57.90 and a 200 day moving average price of C$54.47. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. As a group, sell-side analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is presently 84.66%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.