Pembina Pipeline (TSE:PPL) Sets New 12-Month High – What’s Next?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$72.28 and last traded at C$72.10, with a volume of 47621 shares traded. The stock had previously closed at C$71.81.

Wall Street Analyst Weigh In

Several research analysts recently commented on PPL shares. Wells Fargo & Company raised Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, July 13th. 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. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their price objective for the company from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. Scotia raised their price objective on shares of Pembina Pipeline from C$65.00 to C$69.00 and gave the stock a “sector outperform” rating in a report on Friday, July 3rd. Finally, National Bank Financial lifted their target price on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$67.00.

Pembina Pipeline Price Performance

The company has a 50-day moving average of C$67.40 and a 200 day moving average of C$61.89. 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 firm has a market cap of C$41.33 billion, a P/E ratio of 26.72, a P/E/G ratio of 1.58 and a beta of 0.27.

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