Pembina Pipeline (TSE:PPL) Given a C$66.00 Price Target by TD Securities Analysts

Pembina Pipeline (TSE:PPL) (NYSE:PBA) has been given a C$66.00 price objective by equities research analysts at TD Securities in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 23.73% from the stock’s previous close.

Several other equities research analysts have also issued reports on PPL. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and cut their price target for the company from C$63.00 to C$57.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Raymond James cut their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada lifted their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$53.34 on Wednesday. The company has a 50 day moving average price of C$55.23 and a 200 day moving average price of C$54.87. The firm has a market capitalization of C$30.95 billion, a P/E ratio of 16.36, a PEG ratio of 1.58 and a beta of 1.48. 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$44.56 and a 52 week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Sell-side analysts expect 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.