BMO Capital Markets Increases Pembina Pipeline (TSE:PPL) Price Target to C$72.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by investment analysts at BMO Capital Markets from C$68.00 to C$72.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 4.97% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. National Bank Financial boosted 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. Scotia upped their target price on Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a research report on Friday, July 3rd. Citigroup cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating and raised their target price for the stock from C$63.00 to C$70.00 in a research note on Monday, May 18th. Finally, TD upgraded Pembina Pipeline from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$65.00 to C$75.00 in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$67.60.

Pembina Pipeline Trading Down 2.8%

Shares of Pembina Pipeline stock traded down C$1.97 during midday trading on Friday, reaching C$68.59. The company had a trading volume of 1,154,620 shares, compared to its average volume of 2,512,659. The stock has a fifty day moving average price of C$67.97 and a 200 day moving average price of C$62.85. Pembina Pipeline has a fifty-two week low of C$48.74 and a fifty-two week high of C$72.72. The firm has a market cap of C$39.88 billion, a PE ratio of 25.79, a P/E/G ratio of 1.58 and a beta of 0.27. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. The business had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. On average, equities analysts anticipate that Pembina Pipeline will post 3.439908 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.