Pembina Pipeline Co. (TSE:PPL) Receives C$59.00 Average Price Target from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$59.00.

PPL has been the subject of several analyst reports. ATB Capital set a C$61.00 target price on Pembina Pipeline and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Jefferies Financial Group raised their price objective on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. TD Securities decreased their target price on shares of Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Raymond James Financial boosted their price target on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Finally, BMO Capital Markets dropped their target price on shares of Pembina Pipeline from C$59.00 to C$58.00 in a report on Tuesday, December 16th.

Pembina Pipeline Stock Performance

Shares of TSE PPL opened at C$59.37 on Monday. The company’s fifty day moving average price is C$53.89 and its 200 day moving average price is C$53.48. Pembina Pipeline has a 1 year low of C$48.35 and a 1 year high of C$59.59. The company has a market capitalization of C$34.49 billion, a PE ratio of 21.20, a price-to-earnings-growth 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.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The business had revenue of C$1.79 billion during the quarter. On average, research analysts predict 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.