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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$58.67.

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Raymond James dropped their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada lifted their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd.

Pembina Pipeline Stock Down 1.4 %

PPL stock opened at C$52.35 on Friday. Pembina Pipeline has a 52 week low of C$44.56 and a 52 week high of C$60.72. The business has a 50-day simple moving average of C$55.57 and a 200 day simple moving average of C$54.82. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The company has a market cap of C$30.37 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.27%. Pembina Pipeline’s payout ratio is 84.66%.

About Pembina Pipeline

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.