Pembina Pipeline (TSE:PPL) Sets New 1-Year High – Here’s Why

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) hit a new 52-week high on Thursday . The stock traded as high as C$69.34 and last traded at C$68.78, with a volume of 175231 shares trading hands. The stock had previously closed at C$68.23.

Wall Street Analyst Weigh In

PPL has been the topic of a number of research analyst reports. Citigroup downgraded 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 note on Monday, May 18th. Canadian Imperial Bank of Commerce increased their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. ATB Cormark Capital Markets increased their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$64.00 to C$67.00 in a report on Friday, May 15th. Finally, TD Securities raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average target price of C$65.38.

Pembina Pipeline Stock Performance

The firm has a market capitalization of C$40.03 billion, a price-to-earnings ratio of 25.88, a PEG ratio of 1.58 and a beta of 0.28. The firm’s fifty day moving average is C$63.49 and its 200 day moving average is C$58.89. 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 firm 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%. On average, analysts predict that Pembina Pipeline Co. will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Company Profile

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.