Pembina Pipeline (TSE:PPL) Rating Lowered to “Market Perform” at BMO Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They currently have a C$60.00 target price on the stock, up from their prior target price of C$58.00. BMO Capital Markets’ price target indicates a potential downside of 0.45% from the stock’s previous close.

PPL has been the subject of a number of other reports. Canadian Imperial Bank of Commerce cut their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th. Raymond James Financial boosted their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. National Bank Financial increased their price target on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Jefferies Financial Group boosted their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Finally, ATB Cormark Capital Markets set a C$61.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$59.75.

Pembina Pipeline Trading Up 0.1%

TSE:PPL traded up C$0.08 on Friday, reaching C$60.27. The stock had a trading volume of 1,504,550 shares, compared to its average volume of 2,354,032. The firm’s fifty day moving average is C$55.35 and its two-hundred day moving average is C$54.16. Pembina Pipeline has a 12-month low of C$48.35 and a 12-month high of C$60.75. The company has a market cap of C$35.01 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The company had revenue of C$1.91 billion during the quarter. Equities analysts expect that Pembina Pipeline will post 3.439908 EPS 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.