Pembina Pipeline (TSE:PPL) Given New C$51.00 Price Target at National Bankshares

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by analysts at National Bankshares from C$50.00 to C$51.00 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 1.43% from the stock’s current price.

A number of other equities research analysts also recently weighed in on PPL. Jefferies Financial Group lifted their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the stock a “buy” rating in a research note on Monday. ATB Capital upped their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Stifel Nicolaus lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Scotiabank increased their target price on Pembina Pipeline from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$53.67.

Pembina Pipeline Stock Performance

PPL traded down C$0.07 during midday trading on Monday, reaching C$50.28. The company’s stock had a trading volume of 401,249 shares, compared to its average volume of 2,546,098. The company has a fifty day simple moving average of C$48.10 and a 200 day simple moving average of C$46.26. The stock has a market cap of C$29.14 billion, a P/E ratio of 16.82, a PEG ratio of 4.80 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$50.87.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Research analysts expect that Pembina Pipeline will post 3.0400751 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, with a total value of C$96,098.02. In other news, Director Henry William Sykes purchased 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The shares were bought at an average cost 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 business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. 0.04% of the stock is owned by insiders.

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.