Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$62.00 to C$64.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 4.42% from the company’s current price.

A number of other equities analysts have also recently commented on PPL. National Bank Financial boosted their price target on shares of 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. Raymond James Financial lifted their price target on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. BMO Capital Markets cut Pembina Pipeline from an “outperform” rating to a “hold” rating and upped their price objective for the stock from C$58.00 to C$60.00 in a report on Friday. Canadian Imperial Bank of Commerce raised their price objective on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a report on Friday. Finally, Jefferies Financial Group boosted their target price on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$60.67.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded up C$1.34 during midday trading on Monday, hitting C$61.29. 1,379,290 shares of the company’s stock were exchanged, compared to its average volume of 2,426,941. The company has a market cap of C$35.61 billion, a P/E ratio of 21.89, a PEG ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The stock has a 50-day moving average price of C$55.53 and a two-hundred day moving average price of C$54.30. Pembina Pipeline has a 52-week low of C$48.35 and a 52-week high of C$61.81.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The firm had revenue of C$1.91 billion during the quarter. On average, equities research analysts forecast that Pembina Pipeline will post 3.439908 earnings per share 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.