Brokerages Set Pembina Pipeline Co. (TSE:PPL) Price Target at C$59.33

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$59.33.

Several equities analysts have recently commented on the stock. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Raymond James dropped their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

Pembina Pipeline Price Performance

Shares of TSE:PPL opened at C$51.17 on Thursday. The firm has a 50 day moving average of C$54.03 and a 200-day moving average of C$55.07. The stock has a market capitalization of C$29.69 billion, a PE ratio of 15.70, a PEG ratio of 1.58 and a beta of 1.48. 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$44.56 and a 12 month high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate 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 research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

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.