Pembina Pipeline (TSE:PPL) Raised to “Moderate Buy” at Raymond James

Raymond James upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a moderate buy rating in a research report released on Thursday morning, Zacks.com reports.

Several other analysts have also recently issued reports on PPL. UBS Group raised Pembina Pipeline to a hold rating in a research note on Wednesday, September 11th. Royal Bank of Canada lifted their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an outperform rating in a research report on Thursday, October 3rd. Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a buy rating in a research report on Monday, July 29th. Tudor Pickering & Holt lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Finally, ATB Capital lifted their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$58.29.

Pembina Pipeline Stock Up 1.0 %

TSE PPL opened at C$58.80 on Thursday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The stock has a market capitalization of C$34.12 billion, a PE ratio of 18.04, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 1 year low of C$41.16 and a 1 year high of C$58.93. The business’s 50-day moving average is C$54.73 and its 200 day moving average is C$51.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The business had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Sell-side analysts forecast that Pembina Pipeline will post 3.3857479 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 annualized dividend and a dividend yield of 4.69%. Pembina Pipeline’s payout ratio is 84.66%.

Insider Activity

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Company insiders own 0.05% of the company’s stock.

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.