Pembina Pipeline (TSE:PPL) Price Target Raised to C$74.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by National Bank Financial from C$73.00 to C$74.00 in a report published on Monday,BayStreet reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “hold” rating and raised their price target for the company from C$69.00 to C$73.00 in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce downgraded shares of Pembina Pipeline from an “outperformer” rating to a “hold” rating and set a C$71.00 price objective for the company. in a research note on Thursday, October 22nd. TD increased their price objective on shares of Pembina Pipeline from C$79.00 to C$80.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Barclays raised their target price on shares of Pembina Pipeline from C$69.00 to C$70.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and a consensus target price of C$70.50.

Pembina Pipeline Stock Performance

Shares of TSE:PPL opened at C$71.04 on Monday. The business has a 50-day moving average of C$67.57 and a two-hundred day moving average of C$64.99. The firm has a market capitalization of C$41.32 billion, a PE ratio of 25.01, a P/E/G ratio of 1.58 and a beta of 0.42. The company has a debt-to-equity ratio of 79.68, a current ratio of 0.75 and a quick ratio of 0.50. Pembina Pipeline has a 12 month low of C$50.15 and a 12 month high of C$72.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.77 earnings per share for the quarter. Pembina Pipeline had a return on equity of 12.18% and a net margin of 25.02%. The business had revenue of C$2.18 billion for the quarter. As a group, research analysts forecast that Pembina Pipeline will post 3.44 earnings per share for the current 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.