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

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$68.86.

Several research firms recently weighed in on PPL. National Bank Financial raised their price objective on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. 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 report on Tuesday, May 26th. Barclays raised their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Scotia lifted their price target on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a report on Friday, July 3rd. Finally, TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th.

Pembina Pipeline Stock Down 1.6%

Shares of PPL opened at C$66.27 on Monday. The firm has a 50 day simple moving average of C$68.11 and a two-hundred day simple moving average of C$63.39. The company has a debt-to-equity ratio of 80.92, a current ratio of 0.62 and a quick ratio of 0.50. Pembina Pipeline has a one year low of C$48.74 and a one year high of C$72.72. The company has a market cap of C$38.54 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.58 and a beta of 0.28.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 10.54% and a net margin of 22.64%.The company had revenue of C$2.11 billion for the quarter. Research analysts forecast that Pembina Pipeline 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.