BMO Capital Markets Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective dropped by investment analysts at BMO Capital Markets from C$59.00 to C$58.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 13.70% from the company’s current price.

A number of other analysts also recently commented on PPL. Royal Bank Of Canada set a C$62.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Jefferies Financial Group boosted their price target on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Raymond James Financial raised their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday. TD Securities lowered their price objective on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research note on Tuesday. Finally, CIBC cut their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$58.27.

Pembina Pipeline Price Performance

PPL stock traded down C$1.99 during trading on Tuesday, hitting C$51.01. The company had a trading volume of 2,214,579 shares, compared to its average volume of 3,296,676. The business has a 50 day moving average of C$53.83 and a 200 day moving average of C$52.66. The firm has a market capitalization of C$29.63 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 1.58 and a beta of 0.60. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$59.20.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. The firm had revenue of C$1.79 billion for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. As a group, research analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

About Pembina Pipeline

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.