Pembina Pipeline (TSE:PPL) Hits New 52-Week High at $49.04

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$49.04 and last traded at C$48.76, with a volume of 152736 shares trading hands. The stock had previously closed at C$48.78.

Wall Street Analysts Forecast Growth

Several research firms have commented on PPL. CIBC increased their price target on shares of Pembina Pipeline from C$56.00 to C$57.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Citigroup raised their target price on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the company a “neutral” rating in a research note on Wednesday, March 6th. Wells Fargo & Company upped their price target on Pembina Pipeline from C$52.00 to C$55.00 in a research report on Thursday, March 7th. TD Securities raised their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, ATB Capital boosted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$53.08.

Pembina Pipeline Stock Down 0.4 %

The firm has a market capitalization of C$26.70 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The business has a fifty day moving average price of C$47.55 and a two-hundred day moving average price of C$45.66.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping analysts’ consensus estimates 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 analysts expect that Pembina Pipeline Co. will post 3.0374298 earnings per share for the current year.

Insiders Place Their Bets

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