BMO Capital Markets Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lowered by investment analysts at BMO Capital Markets from C$61.00 to C$59.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 8.04% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Citigroup boosted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. National Bankshares raised their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Finally, Raymond James lowered their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$59.07.

Pembina Pipeline Trading Down 0.6 %

PPL opened at C$54.61 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72. The business’s 50 day moving average is C$57.90 and its two-hundred day moving average is C$54.47. The firm has a market cap of C$31.69 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth 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 (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. On average, research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

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.