Royal Bank of Canada Raises Pembina Pipeline (NYSE:PBA) Price Target to C$58.00

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) had its price target lifted by Royal Bank of Canada from C$49.00 to C$58.00 in a research note issued to investors on Monday, The Fly reports.

Several other research analysts have also issued reports on the stock. Raymond James lifted their price target on shares of Pembina Pipeline from C$49.50 to C$50.00 in a research report on Friday. StockNews.com began coverage on shares of Pembina Pipeline in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Monday, March 14th. TD Securities lifted their target price on shares of Pembina Pipeline from C$50.00 to C$54.00 in a research note on Monday. Finally, BMO Capital Markets lifted their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $49.20.

Shares of NYSE PBA traded down $1.54 during mid-day trading on Monday, reaching $37.84. 125,916 shares of the company traded hands, compared to its average volume of 1,220,769. Pembina Pipeline has a fifty-two week low of $28.89 and a fifty-two week high of $41.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.52 and a quick ratio of 0.36. The firm has a market cap of $20.88 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 6.01 and a beta of 1.25. The stock has a fifty day simple moving average of $37.72 and a 200-day simple moving average of $33.84.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last posted its quarterly earnings results on Thursday, February 24th. The pipeline company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $1.94 billion. Pembina Pipeline had a net margin of 14.46% and a return on equity of 11.69%. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, analysts predict that Pembina Pipeline will post 2.19 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of PBA. Morgan Stanley increased its holdings in shares of Pembina Pipeline by 74.2% during the 2nd quarter. Morgan Stanley now owns 1,216,477 shares of the pipeline company’s stock worth $38,648,000 after purchasing an additional 518,045 shares during the period. Advisor Group Holdings Inc. increased its holdings in shares of Pembina Pipeline by 29.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 37,045 shares of the pipeline company’s stock worth $1,175,000 after purchasing an additional 8,481 shares during the period. Ieq Capital LLC increased its holdings in shares of Pembina Pipeline by 33.5% during the 3rd quarter. Ieq Capital LLC now owns 11,804 shares of the pipeline company’s stock worth $374,000 after purchasing an additional 2,962 shares during the period. Geneos Wealth Management Inc. increased its stake in Pembina Pipeline by 5.4% in the third quarter. Geneos Wealth Management Inc. now owns 24,304 shares of the pipeline company’s stock valued at $777,000 after acquiring an additional 1,250 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Pembina Pipeline in the third quarter valued at about $379,000. Institutional investors own 55.44% of the company’s stock.

Pembina Pipeline Company Profile (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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