Pembina Pipeline (TSE:PPL) Price Target Raised to C$72.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price increased by investment analysts at ATB Cormark Capital Markets from C$70.00 to C$72.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 7.90% from the stock’s previous close.

Several other research analysts have also recently commented on PPL. Citigroup cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating and boosted their target price for the stock from C$63.00 to C$70.00 in a research note on Monday, May 18th. National Bank Financial lifted their price objective on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce upped their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. Barclays raised their target price on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Finally, TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$65.00 to C$75.00 in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$66.57.

Pembina Pipeline Stock Up 1.4%

Shares of PPL stock traded up C$0.91 during trading on Friday, reaching C$66.73. The company’s stock had a trading volume of 351,336 shares, compared to its average volume of 2,601,525. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The company has a market capitalization of C$38.80 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 1.58 and a beta of 0.28. The stock’s 50-day moving average price is C$65.31 and its 200 day moving average price is C$60.27. Pembina Pipeline has a 1-year low of C$48.74 and a 1-year high of C$69.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The company had revenue of C$2.11 billion during the quarter. On average, research analysts anticipate 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.