Pembina Pipeline (TSE:PPL) PT Raised to C$62.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective raised by stock analysts at JPMorgan Chase & Co. from C$60.00 to C$62.00 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 7.12% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. UBS Group upgraded Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price objective on Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. ATB Capital increased their price objective on Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. National Bankshares increased their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Finally, Citigroup increased their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$57.92.

Pembina Pipeline Price Performance

PPL opened at C$57.88 on Thursday. The stock’s 50 day simple moving average is C$54.32 and its 200 day simple moving average is C$51.29. 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 has a 1 year low of C$38.95 and a 1 year high of C$58.06. The firm has a market cap of C$33.58 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 4.80 and a beta of 1.48.

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). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The company had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion. As a group, analysts predict that Pembina Pipeline will post 3.3857479 earnings per share for the current year.

Insider Activity at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’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 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 that occurred 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. 0.05% of the stock is owned by corporate 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.