Pembina Pipeline (TSE:PPL) PT Raised to C$53.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by Citigroup from C$50.00 to C$53.00 in a report released on Tuesday morning, BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. ATB Capital lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. BMO Capital Markets lifted their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a neutral rating in a research report on Friday, April 12th. CIBC lifted their price objective on Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an outperform rating in a research report on Friday, April 19th. Finally, Jefferies Financial Group lifted their price objective on Pembina Pipeline from C$54.00 to C$55.00 and gave the stock a buy rating in a research report on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$54.25.

Pembina Pipeline Price Performance

Shares of PPL stock opened at C$49.79 on Tuesday. The stock’s fifty day moving average is C$48.58 and its 200-day moving average is C$46.71. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03. The stock has a market capitalization of C$28.85 billion, a PE ratio of 16.01, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$50.97.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results 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 company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. Equities research analysts expect that Pembina Pipeline will post 3.1496556 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.69 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s dividend payout ratio is currently 88.75%.

Insider Buying and Selling

In other news, Director Henry William Sykes bought 1,984 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Director Henry William Sykes bought 1,984 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was purchased at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. 0.04% of the stock is owned by corporate insiders.

About Pembina Pipeline

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.