Pembina Pipeline Co. (TSE:PPL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$61.00.

A number of brokerages have issued reports on PPL. Canadian Imperial Bank of Commerce raised 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 Friday, February 27th. Royal Bank Of Canada increased their price target on Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday. Barclays raised their price target on Pembina Pipeline from C$57.00 to C$62.00 in a research report on Monday. BMO Capital Markets downgraded Pembina Pipeline from an “outperform” rating to a “hold” rating and upped their price objective for the company from C$58.00 to C$60.00 in a report on Friday, February 27th. Finally, ATB Cormark Capital Markets increased their target price on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday.

Pembina Pipeline Price Performance

Shares of PPL stock opened at C$60.58 on Friday. The firm has a market cap of C$35.19 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.58 and a beta of 0.62. Pembina Pipeline has a 12 month low of C$48.35 and a 12 month high of C$61.81. 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 stock has a 50-day moving average price of C$56.28 and a 200 day moving average price of C$54.53.

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

About Pembina Pipeline

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.