Pembina Pipeline (TSE:PPL) Price Target Raised to C$54.00 at Jefferies Financial Group

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by Jefferies Financial Group from C$52.00 to C$54.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on the company. Scotiabank raised their target price on Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an outperform rating in a research note on Wednesday, December 20th. National Bankshares raised their target price on Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a sector perform rating in a research note on Tuesday, January 30th. Citigroup raised their target price on 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. Stifel Nicolaus raised their target price on Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a buy rating in a research note on Wednesday, December 20th. Finally, BMO Capital Markets raised their target price on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of Moderate Buy and an average price target of C$52.58.

Pembina Pipeline Stock Down 0.6 %

PPL opened at C$47.01 on Wednesday. The company has a market cap of C$25.83 billion, a P/E ratio of 15.72, a P/E/G ratio of 4.80 and a beta of 1.48. The business’s 50-day moving average price is C$47.21 and its 200-day moving average price is C$45.34. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$48.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. On average, equities analysts expect that Pembina Pipeline will post 3.0374298 EPS for the current year.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of Pembina Pipeline stock in a transaction that occurred 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 purchased 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were purchased 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 business’s stock in a transaction that occurred 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. 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.