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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$59.00.

Several research analysts have recently issued reports on PPL shares. TD Securities lowered their price objective on Pembina Pipeline from C$60.00 to C$59.00 and set a “buy” rating for the company in a research note on Monday, January 12th. ATB Cormark Capital Markets set a C$61.00 target price on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. National Bank Financial raised their price target on shares of Pembina Pipeline from C$57.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. BMO Capital Markets reduced their price objective on shares of Pembina Pipeline from C$59.00 to C$58.00 in a research note on Tuesday, December 16th. Finally, Raymond James Financial increased their price objective on Pembina Pipeline from C$66.00 to C$67.00 in a report on Tuesday, December 16th.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$60.43 on Monday. The company’s 50 day moving average price is C$54.09 and its two-hundred day moving average price is C$53.59. The firm has a market capitalization of C$35.11 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.58 and a beta of 0.62. Pembina Pipeline has a fifty-two week low of C$48.35 and a fifty-two week high of C$60.70. 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 EPS for the quarter. Pembina Pipeline had a return on equity of 12.06% and a net margin of 25.73%.The company had revenue of C$1.79 billion during the quarter. On average, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share 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.