BMO Capital Markets Boosts Pembina Pipeline (TSE:PPL) Price Target to C$55.00

Pembina Pipeline (TSE:PPLGet Rating) (NYSE:PBA) had its target price upped by BMO Capital Markets from C$54.00 to C$55.00 in a report issued on Friday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on PPL. ATB Capital lifted their target price on Pembina Pipeline from C$46.00 to C$48.00 and gave the company an outperform rating in a research report on Wednesday, March 2nd. TD Securities lifted their target price on Pembina Pipeline from C$48.00 to C$50.00 and gave the company a buy rating in a research report on Friday, April 1st. Canaccord Genuity Group lifted their target price on Pembina Pipeline from C$47.00 to C$49.00 in a research report on Wednesday, March 2nd. CIBC lifted their price target on Pembina Pipeline from C$53.00 to C$54.00 and gave the stock an outperform rating in a report on Friday. Finally, CSFB lifted their price target on Pembina Pipeline from C$47.00 to C$56.00 in a report on Monday, April 11th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of Buy and a consensus price target of C$48.37.

Shares of PPL traded up C$1.75 during midday trading on Friday, hitting C$50.77. The stock had a trading volume of 3,062,293 shares, compared to its average volume of 2,635,417. The company has a 50 day simple moving average of C$47.75 and a two-hundred day simple moving average of C$42.83. Pembina Pipeline has a twelve month low of C$37.02 and a twelve month high of C$51.45. The firm has a market cap of C$27.94 billion and a price-to-earnings ratio of 25.51. The company has a debt-to-equity ratio of 83.28, a current ratio of 0.52 and a quick ratio of 0.34.

Pembina Pipeline (TSE:PPLGet Rating) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 24th. The company reported C$0.08 earnings per share (EPS) for the quarter. The firm had revenue of C$2.56 billion during the quarter. Analysts forecast that Pembina Pipeline will post 2.96 EPS for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, May 24th. This represents a $2.52 annualized dividend and a yield of 4.96%. Pembina Pipeline’s dividend payout ratio is currently 126.63%.

In other news, Senior Officer Stuart Taylor sold 4,265 shares of the company’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of C$46.66, for a total transaction of C$198,990.40. Following the completion of the transaction, the insider now directly owns 94,575 shares in the company, valued at C$4,412,547.95. Also, Senior Officer J. Scott Burrows sold 1,223 shares of the company’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of C$46.13, for a total transaction of C$56,422.62. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at C$461,346. Over the last 90 days, insiders have sold 7,616 shares of company stock valued at $353,739.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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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