Pembina Pipeline (TSE:PPL) Price Target Raised to C$65.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by Royal Bank of Canada from C$60.00 to C$65.00 in a research note published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on PPL. Jefferies Financial Group boosted their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a buy rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a hold rating in a research report on Thursday. National Bankshares increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a sector perform rating in a research report on Friday, August 23rd. ATB Capital boosted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Finally, BMO Capital Markets raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$57.92.

Pembina Pipeline Trading Up 0.7 %

Shares of PPL stock opened at C$57.88 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12-month low of C$38.95 and a 12-month high of C$58.06. The stock has a market capitalization of C$33.58 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.80 and a beta of 1.48. The firm’s 50 day moving average is C$54.32 and its 200 day moving average is C$51.32.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of C$1.86 billion during the quarter, compared to analysts’ expectations of C$1.99 billion. Research analysts expect that Pembina Pipeline will post 3.3857479 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insider Activity

In related 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 related news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated 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. Corporate insiders own 0.05% of the company’s stock.

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.