Pembina Pipeline (TSE:PPL) Upgraded by TD Securities to Strong-Buy Rating

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

PPL has been the topic of several other reports. Raymond James decreased their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Royal Bank of Canada boosted their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. BMO Capital Markets decreased their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Finally, Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$52.95 on Tuesday. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The stock has a market capitalization of C$30.72 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.58 and a beta of 1.48. The company’s fifty day moving average is C$55.34 and its two-hundred day moving average is C$54.85. Pembina Pipeline has a 1 year low of C$44.56 and a 1 year high of C$60.72.

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 company had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, sell-side analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current year.

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.