Barclays Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective raised by stock analysts at Barclays from C$62.00 to C$63.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Barclays‘s target price indicates a potential upside of 3.23% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Jefferies Financial Group upped their price objective on Pembina Pipeline from C$53.00 to C$57.00 in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upped their price objective on Pembina Pipeline from C$61.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Friday, February 27th. TD Securities upped their price objective on Pembina Pipeline from C$62.00 to C$63.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Raymond James Financial upped their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada upped their price objective on Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of “Hold” and a consensus target price of C$62.09.

Pembina Pipeline Stock Performance

TSE:PPL traded down C$1.00 during midday trading on Wednesday, hitting C$61.03. The company’s stock had a trading volume of 1,200,440 shares, compared to its average volume of 2,627,347. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$64.27. The firm’s 50 day moving average is C$60.26 and its 200-day moving average is C$55.99. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50. The firm has a market cap of C$35.47 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.58 and a beta of 0.36.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a net margin of 21.66% and a return on equity of 9.91%. The company had revenue of C$1.91 billion for the quarter. Equities analysts anticipate that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal 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.