Pembina Pipeline (TSE:PPL) PT Raised to C$59.00 at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by CIBC from C$58.00 to C$59.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$54.00 and gave the stock an outperform rating in a research note on Wednesday, June 26th. ATB Capital lifted their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. TD Securities lifted 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. Wells Fargo & Company lifted their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, Citigroup lifted their price target on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a neutral rating in a research note on Tuesday, May 21st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$54.77.

Pembina Pipeline Stock Performance

PPL opened at C$51.09 on Wednesday. The stock has a market capitalization of C$29.61 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 4.80 and a beta of 1.48. The company has a fifty day moving average of C$50.13 and a 200 day moving average of C$47.88. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$51.67. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The business had revenue of C$1.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. As a group, sell-side analysts forecast that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.67. The ex-dividend date was Monday, June 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.40%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.75%.

Insider Activity at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of C$50.19 per share, for a total transaction of C$50,190.00. In other Pembina Pipeline news, Senior Officer J. Scott Burrows purchased 1,000 shares of Pembina Pipeline stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average price of C$50.19 per share, for a total transaction of C$50,190.00. Also, Senior Officer Cameron Goldade sold 21,689 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Insiders sold 56,037 shares of company stock worth $2,822,669 in the last 90 days. 0.04% of the stock is owned by corporate insiders.

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.