Pembina Pipeline (TSE:PPL) Upgraded at Raymond James

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

PPL has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of 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. Citigroup boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a hold rating in a research report on Thursday, October 3rd. ATB Capital boosted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Finally, BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$58.29.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at C$58.80 on Thursday. The firm’s fifty day moving average price is C$54.73 and its 200-day moving average price is C$51.62. 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 stock has a market cap of C$34.12 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a fifty-two week low of C$41.16 and a fifty-two week high of C$58.93.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, August 8th. The company reported C$0.75 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 for the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, equities research analysts expect that Pembina Pipeline will post 3.3857479 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given 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 dividend payout ratio is presently 84.66%.

Insider Transactions at Pembina Pipeline

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