Stifel Nicolaus Raises Pembina Pipeline (TSE:PPL) Price Target to C$56.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target increased by research analysts at Stifel Nicolaus from C$55.00 to C$56.00 in a report issued on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 16.50% from the company’s current price.

A number of other brokerages have also recently weighed in on PPL. Wells Fargo & Company lifted their target price on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. BMO Capital Markets raised their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. TD Securities boosted their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a report on Friday, April 5th. CIBC increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Jefferies Financial Group lifted their target price on Pembina Pipeline from C$52.00 to C$54.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.77.

Pembina Pipeline Trading Up 1.8 %

PPL stock traded up C$0.87 during midday trading on Friday, hitting C$48.07. The stock had a trading volume of 1,082,189 shares, compared to its average volume of 2,687,000. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97. The firm has a market cap of C$26.41 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company’s 50-day moving average price is C$47.24 and its 200 day moving average price is C$45.35. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. On average, equities research analysts predict that Pembina Pipeline will post 3.0374298 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. In related news, Director Henry William Sykes acquired 1,984 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. Corporate insiders own 0.07% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.