Pembina Pipeline (TSE:PPL) PT Raised to C$54.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target increased by analysts at Jefferies Financial Group from C$52.00 to C$54.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 14.41% from the company’s current price.

Several other equities research analysts have also recently commented on PPL. TD Securities upped their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Citigroup raised their target price on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. CIBC boosted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Monday, February 26th. ATB Capital raised their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus target price of C$52.58.

Pembina Pipeline Stock Up 0.4 %

PPL stock opened at C$47.20 on Wednesday. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$48.97. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The company has a market cap of C$25.93 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a fifty day moving average price of C$47.24 and a 200 day moving average price of C$45.35.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for 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 expect that Pembina Pipeline will post 3.0374298 earnings per share for the current year.

Insiders Place Their Bets

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

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.