Pembina Pipeline (TSE:PPL) Reaches New 12-Month High – Here’s Why

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) shares reached a new 52-week high on Wednesday . The stock traded as high as C$59.24 and last traded at C$59.21, with a volume of 322864 shares. The stock had previously closed at C$58.50.

Analysts Set New Price Targets

PPL has been the topic of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 in a report on Wednesday, February 4th. BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Tuesday, December 16th. Raymond James Financial upped their target price on Pembina Pipeline from C$66.00 to C$67.00 in a research note on Tuesday, December 16th. Finally, National Bankshares raised their target price on Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$59.00.

Pembina Pipeline Price Performance

The business’s 50-day simple moving average is C$53.78 and its two-hundred day simple moving average is C$53.44. The stock has a market cap of C$34.53 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.58 and a beta of 0.62. The company has a debt-to-equity ratio of 78.68, a current ratio of 0.65 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.43 earnings per share (EPS) for the quarter. Pembina Pipeline had a net margin of 25.73% and a return on equity of 12.06%. The company had revenue of C$1.79 billion during the quarter. Research analysts expect 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.