Pembina Pipeline (TSE:PPL) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets upped their price objective on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. Jefferies Financial Group upped their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research note on Wednesday, February 4th. Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, Citigroup downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and upped their price objective for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$64.77.

Pembina Pipeline Price Performance

TSE:PPL opened at C$66.69 on Tuesday. The firm has a market cap of C$38.78 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. The company’s 50-day moving average is C$62.42 and its two-hundred day moving average is C$57.87. Pembina Pipeline has a 12-month low of C$48.74 and a 12-month high of C$69.10.

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