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

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$64.52 and last traded at C$64.52, with a volume of 81279 shares traded. The stock had previously closed at C$64.05.

Analyst Ratings Changes

PPL has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. Barclays increased their price target on Pembina Pipeline from C$62.00 to C$63.00 in a report on Wednesday, April 8th. National Bank Financial raised their price objective on 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. ATB Cormark Capital Markets upped their target price on Pembina Pipeline from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Finally, Canadian Imperial Bank of Commerce increased their target price on Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.55.

Pembina Pipeline Trading Up 3.1%

The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35. The company has a market capitalization of C$38.79 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.58 and a beta of 0.42. The firm’s 50-day moving average price is C$61.30 and its 200 day moving average price is C$57.03.

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