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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$58.29.

A number of research firms recently issued reports on PPL. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. CIBC upped their price target on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. ATB Capital raised their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Citigroup increased their target price on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th.

Insider Activity at Pembina Pipeline

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

Pembina Pipeline Trading Down 0.0 %

Shares of Pembina Pipeline stock opened at C$59.44 on Tuesday. The stock has a market capitalization of C$34.49 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$41.51 and a 52-week high of C$59.86. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The stock’s 50-day simple moving average is C$55.49 and its 200 day simple moving average is C$52.13.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The business had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. As a group, research analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 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.