Pembina Pipeline Co. (TSE:PPL) Receives Average Rating of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$58.86.

A number of research firms have recently issued reports on PPL. BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. National Bankshares lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday. Royal Bank of Canada boosted their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Friday, October 11th.

Pembina Pipeline Trading Down 0.2 %

Shares of PPL stock opened at C$58.66 on Friday. Pembina Pipeline has a 12-month low of C$43.37 and a 12-month high of C$59.86. The firm has a market cap of C$34.04 billion, a P/E ratio of 17.99, a PEG ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The company has a 50 day moving average of C$57.20 and a 200-day moving average of C$53.41.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced 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). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Sell-side analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were 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 business’s 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. 0.05% of the stock is owned by corporate insiders.

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.