Pembina Pipeline (TSE:PPL) Price Target Raised to C$52.00 at National Bankshares

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective lifted by National Bankshares from C$51.00 to C$52.00 in a research note released on Wednesday morning, BayStreet.CA reports.

A number of other research firms have also recently issued reports on PPL. Citigroup increased their price objective on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a neutral rating in a research report on Tuesday, May 21st. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a buy rating in a research report on Monday, May 13th. Stifel Nicolaus raised their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a buy rating in a research report on Friday, April 19th. Scotiabank raised their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a sector perform rating in a research report on Sunday, May 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a neutral rating in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of Moderate Buy and an average target price of C$54.50.

Pembina Pipeline Price Performance

PPL stock opened at C$50.31 on Wednesday. The stock has a market capitalization of C$29.16 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company’s 50-day moving average is C$49.72 and its 200-day moving average is C$47.63. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$51.59.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). The company had revenue of C$1.54 billion for the quarter, compared to the consensus estimate of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. Equities research analysts expect that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.76 annualized dividend and a dividend yield of 5.49%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.75%.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. In other news, Senior Officer Cameron Goldade sold 21,689 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Also, Director Henry William Sykes acquired 1,984 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, April 9th. The stock was acquired at an average price of C$48.44 per share, with a total value of C$96,098.02. Insiders sold a total of 56,037 shares of company stock worth $2,822,669 in the last quarter. Insiders own 0.04% of the company’s stock.

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.