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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high on Tuesday . The company traded as high as C$67.88 and last traded at C$67.77, with a volume of 212675 shares trading hands. The stock had previously closed at C$67.35.

Wall Street Analyst Weigh In

PPL has been the topic of a number of analyst reports. ATB Cormark Capital Markets increased their price target on shares of Pembina Pipeline from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. National Bank Financial increased their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Barclays increased their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Wednesday, April 8th. Canadian Imperial Bank of Commerce raised their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada raised their target price on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the stock an “outperform” rating in a report on Monday, March 2nd. Six investment 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. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of C$62.82.

Pembina Pipeline Stock Up 0.6%

The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83. The stock has a market capitalization of C$39.39 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.58 and a beta of 0.42. The firm’s fifty day simple moving average is C$61.57 and its 200 day simple moving average is C$57.23.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. The firm had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. On average, sell-side analysts forecast that Pembina Pipeline Co. will post 3.439908 earnings per share for the current year.

About Pembina Pipeline

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.