Pembina Pipeline (TSE:PPL) Reaches New 12-Month High – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$67.88 and last traded at C$67.77, with a volume of 212675 shares traded. The stock had previously closed at C$67.35.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday, April 8th. Royal Bank Of Canada upped their price target on shares of 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. Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and increased their price objective for the company from C$63.00 to C$70.00 in a research report on Monday. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. Finally, TD Securities increased their price objective on shares of Pembina Pipeline from C$63.00 to C$65.00 and gave the company a “hold” rating in a research report on Wednesday, April 8th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and an average price target of C$63.42.

Pembina Pipeline Price Performance

The company has a market capitalization of C$39.39 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42. The company’s 50-day moving average price is C$61.86 and its two-hundred day moving average price is C$57.45. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50.

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