Pembina Pipeline (TSE:PPL) Hits New 1-Year High – Time to Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high on Wednesday . The company traded as high as C$64.52 and last traded at C$64.52, with a volume of 81279 shares. The stock had previously closed at C$64.05.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Securities raised their price objective on Pembina Pipeline from C$63.00 to C$65.00 and gave the company a “hold” rating in a research note on Wednesday, April 8th. ATB Cormark Capital Markets upped their target price on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Barclays increased their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Wednesday, April 8th. National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.55.

Pembina Pipeline Trading Up 0.6%

The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The company has a market capitalization of C$37.46 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The business has a fifty day moving average price of C$61.12 and a 200 day moving average price of C$56.86.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The business had revenue of C$2.11 billion for the quarter. On average, equities analysts expect that Pembina Pipeline Co. will post 3.439908 EPS 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.