Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$59.33.

A number of analysts have recently issued reports on PPL shares. Royal Bank of Canada raised their price objective 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. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the stock a “buy” rating in a report on Wednesday, January 15th. Raymond James lowered their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. boosted their price objective 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.

Pembina Pipeline Price Performance

TSE PPL opened at C$52.85 on Thursday. The company has a market capitalization of C$30.66 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$44.56 and a 12-month high of C$60.72. The firm’s 50 day moving average is C$54.46 and its 200-day moving average is C$55.03. 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 (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The company 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%. Equities research analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.22%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s payout ratio is presently 84.66%.

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.