Pembina Pipeline (TSE:PPL) PT Set at C$61.00 by ATB Capital

Pembina Pipeline (TSE:PPL) (NYSE:PBA) has been assigned a C$61.00 target price by research analysts at ATB Capital in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 17.97% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. TD Securities decreased their price objective on shares of Pembina Pipeline from C$65.00 to C$60.00 in a research report on Tuesday, December 16th. 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 note on Wednesday, October 29th. BMO Capital Markets lowered their price objective on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. Royal Bank Of Canada set a C$62.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, National Bankshares upped their target price on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average price target of C$58.83.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up C$0.72 during trading on Tuesday, hitting C$51.71. The stock had a trading volume of 671,594 shares, compared to its average volume of 3,322,082. 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 12 month low of C$48.35 and a 12 month high of C$59.20. The firm has a market cap of C$30.04 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.58 and a beta of 0.60. The business’s 50-day moving average is C$53.35 and its 200 day moving average is C$52.63.

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

Pembina Pipeline Company Profile

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.