JPMorgan Chase & Co. Issues Positive Forecast for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective increased by JPMorgan Chase & Co. from C$64.00 to C$67.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. ATB Cormark Capital Markets increased their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. National Bank Financial increased their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Canadian Imperial Bank of Commerce increased their price objective on shares of Pembina Pipeline from C$64.00 to C$66.00 in a research note on Wednesday, April 8th. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research note on Wednesday, April 8th. Finally, Barclays increased their price objective on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Wednesday, April 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$62.82.

Pembina Pipeline Price Performance

Shares of PPL stock opened at C$67.35 on Friday. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The company has a market capitalization of C$39.16 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.58 and a beta of 0.42. The company’s 50-day simple moving average is C$61.43 and its two-hundred day simple moving average is C$57.11. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$67.39.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The firm had revenue of C$2.11 billion for the quarter. As a group, equities 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.