Raymond James Cuts Pembina Pipeline (TSE:PPL) Price Target to C$61.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective reduced by Raymond James from C$62.00 to C$61.00 in a research report released on Friday morning,BayStreet.CA reports.

A number of other brokerages have also weighed in on PPL. Wells Fargo & Company raised their price objective on Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. BMO Capital Markets lifted their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. Citigroup lifted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. UBS Group raised Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Finally, Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$59.07.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$54.61 on Friday. Pembina Pipeline has a 1 year low of C$43.64 and a 1 year high of C$60.72. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The company has a market capitalization of C$31.69 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s fifty day moving average price is C$57.90 and its 200 day moving average price is C$54.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The company had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, research 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. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 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.