Pembina Pipeline Co. (TSE:PPL) Receives Average Rating of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$56.77.

PPL has been the subject of several recent research reports. CIBC boosted their price target on Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. ATB Capital increased their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. Scotiabank lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a “sector perform” rating in a report on Sunday, May 19th. TD Securities increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Tudor Pickering & Holt lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th.

Pembina Pipeline Stock Up 0.0 %

Shares of PPL stock opened at C$54.91 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$55.38. The stock has a market cap of C$31.86 billion, a P/E ratio of 16.84, a P/E/G ratio of 4.80 and a beta of 1.48. The company has a 50 day simple moving average of C$52.65 and a two-hundred day simple moving average of C$50.10.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The business had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, research analysts expect that Pembina Pipeline will post 3.3867748 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Monday, September 16th. Pembina Pipeline’s payout ratio is currently 84.66%.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Insiders own 0.05% 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.