Pembina Pipeline (TSE:PPL) PT Set at C$63.00 by Barclays

Pembina Pipeline (TSE:PPL) (NYSE:PBA) received a C$63.00 price target from Barclays in a research report issued on Thursday, Marketbeat reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 15.36% from the stock’s current price.

A number of other research firms have also recently issued reports on PPL. Citigroup lifted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Royal Bank of Canada lifted their price target on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research report on Friday, October 11th. Wells Fargo & Company lifted their price objective on Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Finally, National Bankshares lifted their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Down 0.6 %

Shares of TSE PPL opened at C$54.61 on Thursday. The business has a fifty day moving average of C$57.95 and a two-hundred day moving average of C$54.43. 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 52-week low of C$43.64 and a 52-week high of C$60.72. The stock has a market cap of C$31.69 billion, a PE ratio of 16.76, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. As a group, equities research analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

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.