BMO Capital Markets Cuts Pembina Pipeline (TSE:PPL) Price Target to C$58.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective cut by BMO Capital Markets from C$59.00 to C$58.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

PPL has been the subject of a number of other research reports. CIBC lowered their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday. Royal Bank Of Canada set a C$62.00 price target on Pembina Pipeline and gave the stock an “outperform” rating in a report on Thursday, August 28th. TD Securities dropped their price target on Pembina Pipeline from C$65.00 to C$60.00 in a research note on Tuesday. Raymond James Financial increased their price objective on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday. Finally, Jefferies Financial Group lifted their target price on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.64.

Pembina Pipeline Stock Down 1.6%

TSE:PPL opened at C$50.67 on Tuesday. The company’s 50-day simple moving average is C$53.50 and its 200-day simple moving average is C$52.63. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$59.20. The stock has a market capitalization of C$29.44 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.58 and a beta of 0.60.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, November 6th. The company reported C$0.43 EPS for the quarter. The company had revenue of C$1.79 billion during the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. On average, equities analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline is midstream company serving the Canadian and North American ( primarily Bakken) markets with an integrated product portfolio. The firms’ assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.