Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, TD Securities Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by stock analysts at TD Securities from C$62.00 to C$63.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 4.53% from the company’s previous close.

Several other brokerages have also issued reports on PPL. Raymond James Financial boosted their target price on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. National Bank Financial increased their price objective on Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. BMO Capital Markets cut their target price on Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. ATB Cormark Capital Markets set a C$61.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Finally, Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. Seven research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$59.75.

Pembina Pipeline Trading Up 0.1%

PPL stock traded up C$0.08 during midday trading on Friday, reaching C$60.27. 1,504,550 shares of the company traded hands, compared to its average volume of 2,354,032. The firm has a market capitalization of C$35.01 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.58 and a beta of 0.62. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$60.75. The business has a 50 day moving average of C$55.35 and a 200-day moving average of C$54.16. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share 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, sell-side analysts expect 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.