National Bank Financial Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lifted by equities research analysts at National Bank Financial from C$61.00 to C$63.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 3.23% from the stock’s current price.

Other research analysts have also issued research reports about the company. ATB Cormark Capital Markets raised their price objective on Pembina Pipeline from C$61.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Barclays raised their price objective on Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Raymond James Financial raised their price target on shares of Pembina Pipeline from C$66.00 to C$67.00 in a research report on Tuesday, December 16th. Finally, BMO Capital Markets raised their price target on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$62.09.

Pembina Pipeline Stock Down 1.6%

PPL stock traded down C$1.00 on Wednesday, reaching C$61.03. 1,200,440 shares of the company traded hands, compared to its average volume of 2,627,347. Pembina Pipeline has a one year low of C$48.35 and a one year high of C$64.27. The company has a debt-to-equity ratio of 82.58, a current ratio of 0.61 and a quick ratio of 0.50. The company has a market cap of C$35.47 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 1.58 and a beta of 0.36. The firm has a fifty day simple moving average of C$60.26 and a 200-day simple moving average of C$55.99.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$0.78 earnings per share for the quarter. Pembina Pipeline had a return on equity of 9.91% and a net margin of 21.66%.The company had revenue of C$1.91 billion during the quarter. Research analysts anticipate that Pembina Pipeline 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.