Pembina Pipeline (TSE:PPL) Upgraded at TD Securities

TD Securities upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a strong-buy rating in a report released on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Royal Bank of Canada lifted their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James decreased their target price on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets decreased their target price on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.33.

Pembina Pipeline Trading Up 0.4 %

Shares of TSE PPL opened at C$52.95 on Tuesday. Pembina Pipeline has a twelve month low of C$44.56 and a twelve month high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The stock has a fifty day simple moving average of C$55.34 and a 200-day simple moving average of C$54.85. The stock has a market capitalization of C$30.72 billion, a PE ratio of 16.24, a PEG ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) 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.