TD Securities Analysts Give Pembina Pipeline (TSE:PPL) a C$66.00 Price Target

TD Securities set a C$66.00 price target on Pembina Pipeline (TSE:PPL) (NYSE:PBA) in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

PPL has been the subject of several other research reports. Raymond James reduced their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Royal Bank of Canada lifted their price target on shares of 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. Barclays set a C$63.00 price target on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday, December 12th. 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. Finally, Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$54.21 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The company has a market cap of C$31.45 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The stock has a 50 day simple moving average of C$55.16 and a 200-day simple moving average of C$54.89.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The business 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, equities analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was 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.