Pembina Pipeline (TSE:PPL) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Raymond James reduced their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada increased their price objective on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Trading Up 0.4 %

Shares of TSE PPL opened at C$52.95 on Tuesday. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The stock has a market capitalization of C$30.72 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$44.56 and a 1-year high of C$60.72. The business has a fifty day moving average price of C$55.34 and a 200 day moving average price of C$54.85.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The company had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. Equities research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.69 per share. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.21%. Pembina Pipeline’s payout ratio is 84.66%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.