Pembina Pipeline (TSE:PPL) Sets New 12-Month High – Here’s What Happened

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$59.24 and last traded at C$59.21, with a volume of 322864 shares changing hands. The stock had previously closed at C$58.50.

Analysts Set New Price Targets

PPL has been the subject of several recent research reports. National Bank Financial boosted their price target on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Canadian Imperial Bank of Commerce dropped their target price on Pembina Pipeline from C$62.00 to C$61.00 in a report on Tuesday, December 16th. Raymond James Financial lifted their price target on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. ATB Cormark Capital Markets set a C$61.00 price objective on Pembina Pipeline and gave the company an “outperform” rating in a research report on Tuesday, December 23rd. Finally, Jefferies Financial Group increased their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of C$59.00.

Pembina Pipeline Trading Up 1.8%

The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50. The stock’s 50 day moving average is C$54.09 and its 200-day moving average is C$53.59. The company has a market capitalization of C$35.11 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.58 and a beta of 0.62.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The firm had revenue of C$1.79 billion for the quarter. As a group, equities research analysts anticipate that Pembina Pipeline Co. 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.