Brokerages Set Pembina Pipeline Co. (TSE:PPL) PT at C$58.67

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$58.67.

PPL has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Royal Bank of Canada raised their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Finally, Raymond James cut their price target on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th.

Pembina Pipeline Price Performance

PPL opened at C$52.61 on Friday. The firm has a market cap of C$30.52 billion, a P/E ratio of 16.14, a PEG ratio of 1.58 and a beta of 1.48. 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 has a fifty-two week low of C$44.56 and a fifty-two week high of C$60.72. The firm has a 50-day moving average of C$55.89 and a 200 day moving average of C$54.75.

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

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Pembina Pipeline Company Profile

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.