Pembina Pipeline (TSE:PPL) Hits New 1-Year High – Should You Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) hit a new 52-week high during trading on Friday . The stock traded as high as C$61.98 and last traded at C$61.31, with a volume of 1272607 shares. The stock had previously closed at C$61.33.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PPL. BMO Capital Markets cut shares of Pembina Pipeline from an “outperform” rating to a “hold” rating and increased their price target for the company from C$58.00 to C$60.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price target on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. TD Securities boosted their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research report on Friday, February 27th. ATB Cormark Capital Markets upped their price objective on shares of Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Finally, Jefferies Financial Group increased their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$61.00.

Pembina Pipeline Stock Up 0.8%

The company’s fifty day simple moving average is C$58.26 and its 200 day simple moving average is C$55.24. The company has a quick ratio of 0.50, a current ratio of 0.61 and a debt-to-equity ratio of 82.58. The firm has a market capitalization of C$35.92 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.53.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The firm had revenue of C$1.91 billion for the quarter. Analysts anticipate that Pembina Pipeline Co. will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.