Pembina Pipeline (TSE:PPL) PT Raised to C$52.00 at National Bankshares

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target increased by stock analysts at National Bankshares from C$51.00 to C$52.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 3.52% from the company’s previous close.

PPL has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. TD Securities increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Scotiabank increased their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Sunday, May 19th. ATB Capital raised their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of C$54.50.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded up C$0.06 during mid-day trading on Wednesday, reaching C$50.23. 364,842 shares of the company traded hands, compared to its average volume of 2,870,194. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$51.59. The company has a market capitalization of C$29.11 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The firm’s fifty day moving average is C$49.72 and its two-hundred day moving average is C$47.63.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). The company had revenue of C$1.54 billion for the quarter, compared to analyst estimates of C$2.50 billion. Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. On average, equities research analysts expect that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Stuart Taylor sold 29,034 shares of Pembina Pipeline stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. In other Pembina Pipeline news, Senior Officer Stuart Taylor sold 29,034 shares of Pembina Pipeline stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. Also, Senior Officer J. Scott Burrows purchased 1,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average price of C$50.19 per share, with a total value of C$50,190.00. Over the last three months, insiders have sold 56,037 shares of company stock valued at $2,822,669. Corporate insiders own 0.04% of the company’s stock.

Pembina Pipeline Company Profile

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.