Raymond James Issues Pessimistic Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective dropped by investment analysts at Raymond James from C$62.00 to C$61.00 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 11.70% from the company’s current price.

A number of other analysts also recently issued reports on PPL. Wells Fargo & Company lifted their price objective on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. National Bankshares upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. BMO Capital Markets upped their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Thursday, September 5th. Finally, Citigroup lifted their price target on Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Trading Down 0.6 %

Shares of PPL opened at C$54.61 on Friday. The firm has a market cap of C$31.69 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a 1 year low of C$43.64 and a 1 year high of C$60.72. The company has a 50 day simple moving average of C$57.90 and a two-hundred day simple moving average of C$54.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data 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 company had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. On average, equities 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.