Pembina Pipeline (TSE:PPL) Price Target Raised to C$57.00 at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by CIBC from C$56.00 to C$57.00 in a research report released on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other brokerages have also recently commented on PPL. TD Securities increased their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a buy rating in a research report on Friday, April 5th. BMO Capital Markets increased their price target on Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from C$51.00 to C$52.00 and gave the company a neutral rating in a research report on Friday, April 12th. Citigroup raised their price objective on Pembina Pipeline from C$47.00 to C$50.00 and gave the company a neutral rating in a research report on Wednesday, March 6th. Finally, Wells Fargo & Company raised their price objective on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$52.77.

Pembina Pipeline Stock Up 1.7 %

TSE:PPL opened at C$47.98 on Friday. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The company has a market cap of C$26.36 billion, a PE ratio of 16.05, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$38.79 and a 52-week high of C$48.97. The stock has a 50-day simple moving average of C$47.30 and a 200 day simple moving average of C$45.41.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data 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. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The business had revenue of C$2.47 billion during the quarter, compared to the consensus estimate of C$2.47 billion. On average, sell-side analysts expect that Pembina Pipeline will post 3.0374298 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.