Barclays Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by stock analysts at Barclays from C$57.00 to C$62.00 in a research note issued on Monday,BayStreet.CA reports. Barclays‘s price objective indicates a potential upside of 1.16% from the stock’s current price.

PPL has been the topic of several other reports. TD Securities raised their price target on Pembina Pipeline from C$62.00 to C$63.00 and gave the company a “hold” rating in a research report on Friday. National Bank Financial increased their target price on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Jefferies Financial Group lifted their price target on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. ATB Cormark Capital Markets set a C$61.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce increased their price objective on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Friday. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of C$60.67.

Pembina Pipeline Stock Performance

Shares of TSE:PPL traded up C$1.34 during trading on Monday, reaching C$61.29. The stock had a trading volume of 1,379,290 shares, compared to its average volume of 2,426,941. The stock has a fifty day simple moving average of C$55.53 and a two-hundred day simple moving average of C$54.30. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. Pembina Pipeline has a 52 week low of C$48.35 and a 52 week high of C$61.81. The firm has a market capitalization of C$35.61 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.58 and a beta of 0.62.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$1.91 billion for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. As a group, analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal 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.