Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, Scotia Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target hoisted by stock analysts at Scotia from C$65.00 to C$69.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s price objective would suggest a potential upside of 3.40% from the company’s previous close.

Several other research firms also recently issued reports on PPL. Barclays boosted their price objective on Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. National Bank Financial lifted their target price on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and boosted their price target for the company from C$63.00 to C$70.00 in a report on Monday, May 18th. ATB Cormark Capital Markets upped their price target on shares of Pembina Pipeline from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday. Finally, TD raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$66.57.

Pembina Pipeline Price Performance

Shares of TSE:PPL traded up C$0.91 on Friday, reaching C$66.73. 351,336 shares of the company traded hands, compared to its average volume of 2,601,525. The stock has a market capitalization of C$38.80 billion, a PE ratio of 25.09, a P/E/G ratio of 1.58 and a beta of 0.28. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50. The company’s 50 day moving average is C$65.31 and its 200-day moving average is C$60.27. Pembina Pipeline has a fifty-two week low of C$48.74 and a fifty-two week high of C$69.42.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its 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 9.98% and a net margin of 22.22%.The company had revenue of C$2.11 billion for the quarter. As a group, analysts anticipate 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.