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

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$58.67.

PPL has been the topic of several recent analyst reports. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective 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. Raymond James lowered their target price on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, UBS Group raised shares of Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$53.39 on Friday. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The company has a market cap of C$30.98 billion, a PE ratio of 16.38, a P/E/G ratio of 1.58 and a beta of 1.48. The stock has a 50 day simple moving average of C$56.14 and a 200-day simple moving average of C$54.71. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of C$2.03 billion. On average, equities research analysts forecast that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.17%. Pembina Pipeline’s dividend payout ratio (DPR) 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.