Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$68.86.

PPL has been the subject of several research analyst reports. ATB Cormark Capital Markets upped their price target on Pembina Pipeline from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, July 3rd. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their target price on Pembina Pipeline from C$72.00 to C$73.00 and gave the stock an “outperformer” rating in a report on Friday, July 3rd. TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their target price for the stock from C$65.00 to C$75.00 in a research report on Tuesday, May 26th. Finally, National Bank Financial raised their price target on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a report on Monday, June 1st.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$66.27 on Monday. The company has a debt-to-equity ratio of 80.92, a quick ratio of 0.50 and a current ratio of 0.62. The firm has a market capitalization of C$38.54 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$72.72. The company has a 50 day moving average price of C$68.11 and a 200 day moving average price of C$63.46.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The business had revenue of C$2.11 billion during the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%. Sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current 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.