Pembina Pipeline (TSE:PPL) Given a C$63.00 Price Target at Barclays

Barclays set a C$63.00 price objective on Pembina Pipeline (TSE:PPL) (NYSE:PBA) in a report released on Thursday morning, MarketBeat reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently commented on the company. Wells Fargo & Company increased their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research report on Wednesday, November 13th. Citigroup increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research report on Wednesday, August 28th. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, Raymond James set a C$63.00 price objective on Pembina Pipeline and gave the stock an “outperform” rating in a research note on Friday, October 11th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$59.13.

Pembina Pipeline Stock Down 0.4 %

TSE PPL opened at C$54.94 on Thursday. Pembina Pipeline has a 12 month low of C$43.64 and a 12 month high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The stock has a market cap of C$31.88 billion, a PE ratio of 16.85, a P/E/G ratio of 1.58 and a beta of 1.48. The stock’s 50 day moving average is C$57.99 and its 200 day moving average is C$54.40.

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

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is presently 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.