Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$59.33.

Several equities research analysts have commented on PPL shares. Barclays set a C$63.00 target price on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. TD Securities set a C$66.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. Raymond James lowered their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. BMO Capital Markets lowered their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th.

Pembina Pipeline Trading Down 2.5 %

TSE PPL opened at C$51.17 on Thursday. The firm has a market cap of C$29.69 billion, a P/E ratio of 15.70, a P/E/G ratio of 1.58 and a beta of 1.48. 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’s 50-day moving average is C$54.03 and its 200-day moving average is C$55.07. Pembina Pipeline has a one year low of C$44.56 and a one year high of C$60.72.

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

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.