Pembina Pipeline (TSE:PPL) Reaches New 12-Month High at $48.76

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$48.76 and last traded at C$47.83, with a volume of 441678 shares trading hands. The stock had previously closed at C$47.61.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PPL. National Bankshares upped their price target on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a report on Friday, February 23rd. Citigroup upped their price target on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. CIBC boosted their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. Finally, Jefferies Financial Group set a C$52.00 price target on Pembina Pipeline and gave the company a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.25.

Pembina Pipeline Stock Up 0.4 %

The company has a market cap of C$26.27 billion, a P/E ratio of 15.99, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The business’s 50 day moving average price is C$46.60 and its 200-day moving average price is C$44.63.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. On average, analysts anticipate that Pembina Pipeline Co. will post 3.0372272 earnings per share for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.