JPMorgan Chase & Co. Raises Pembina Pipeline (TSE:PPL) Price Target to C$52.00

Pembina Pipeline (TSE:PPLFree Report) (NYSE:PBA) had its price target increased by JPMorgan Chase & Co. from C$51.00 to C$52.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the company. Jefferies Financial Group set a C$52.00 target price on Pembina Pipeline and gave the stock a buy rating in a report on Tuesday, February 27th. CIBC increased their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company an outperform rating in a report on Monday, February 26th. Stifel Nicolaus increased their price objective on Pembina Pipeline from C$53.00 to C$54.50 and gave the company a buy rating in a report on Wednesday, December 20th. ATB Capital increased their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Finally, Wells Fargo & Company increased their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline has an average rating of Moderate Buy and an average price target of C$52.42.

Check Out Our Latest Research Report on Pembina Pipeline

Pembina Pipeline Stock Down 0.4 %

Shares of TSE:PPL opened at C$47.83 on Friday. Pembina Pipeline has a 52-week low of C$38.79 and a 52-week high of C$48.97. The stock has a market cap of C$26.28 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The business’s 50 day moving average is C$47.09 and its 200 day moving average is C$45.23. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47.

Pembina Pipeline (TSE:PPLGet Free Report) (NYSE:PBA) last posted its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. The company had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. Sell-side analysts predict that Pembina Pipeline will post 3.0374298 EPS for the current year.

Insider Buying and Selling

In other news, Director Henry William Sykes bought 1,984 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In related news, Director Henry William Sykes purchased 1,984 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were bought at an average cost of C$48.44 per share, with a total value of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. 0.07% of the stock is currently owned by company insiders.

About Pembina Pipeline

(Get Free Report)

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.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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