Tudor Pickering Reiterates Buy Rating for Pembina Pipeline (TSE:PPL)


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Pembina Pipeline (TSE:PPL) (NYSE:PBA)‘s stock had its “buy” rating reiterated by investment analysts at Tudor Pickering in a research report issued on Tuesday, Analyst Price Targets reports. They currently have a C$40.00 price objective on the stock. Tudor Pickering’s target price points to a potential upside of 3.65% from the company’s previous close.

Several other analysts also recently commented on PPL. CIBC lowered their price objective on Pembina Pipeline from C$40.00 to C$39.00 and set a “hold” rating for the company in a research note on Friday, February 26th. Credit Suisse Group increased their price objective on Pembina Pipeline from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. Scotiabank downgraded Pembina Pipeline from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 9th. Barclays lowered their price objective on Pembina Pipeline from C$41.00 to C$40.00 in a research note on Tuesday, March 2nd. Finally, CSFB increased their price target on Pembina Pipeline from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday, January 27th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$39.13.

PPL traded up C$0.43 on Tuesday, reaching C$38.59. The stock had a trading volume of 926,498 shares, compared to its average volume of 2,479,003. Pembina Pipeline has a fifty-two week low of C$26.77 and a fifty-two week high of C$38.80. The firm has a 50-day moving average of C$36.93 and a 200-day moving average of C$33.78. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 77.59. The company has a market capitalization of C$21.22 billion and a price-to-earnings ratio of -44.61.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 25th. The company reported C$0.55 earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.03). The firm had revenue of C$1.69 billion during the quarter. Sell-side analysts anticipate that Pembina Pipeline will post 2.4500002 EPS for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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