Pembina Pipeline (TSE:PPL) Sets New 1-Year High at $56.50

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$56.50 and last traded at C$56.49, with a volume of 642298 shares traded. The stock had previously closed at C$55.75.

Wall Street Analysts Forecast Growth

PPL has been the subject of several research reports. CIBC boosted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. BMO Capital Markets upped their price target on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Tudor Pickering & Holt lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. Jefferies Financial Group increased their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, National Bankshares lifted 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 report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$56.77.

Pembina Pipeline Trading Up 1.5 %

The firm has a market capitalization of C$32.83 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 4.80 and a beta of 1.48. The business’s 50-day moving average price is C$53.96 and its 200 day moving average price is C$51.07. 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 (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, equities analysts forecast that Pembina Pipeline Co. will post 3.3599756 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is owned by company insiders.

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.