Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have given 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.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. National Bankshares increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Finally, Raymond James set a C$63.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, October 11th.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at C$55.27 on Wednesday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. Pembina Pipeline has a fifty-two week low of C$43.64 and a fifty-two week high of C$60.72. The stock has a fifty day moving average of C$58.01 and a two-hundred day moving average of C$54.33. The company has a market capitalization of C$32.07 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share 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 analyst estimates of C$2.03 billion. On average, analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.99%. Pembina Pipeline’s 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.