Pembina Pipeline (TSE:PPL) Hits New 1-Year High at $55.45

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$55.45 and last traded at C$55.29, with a volume of 3294918 shares trading hands. The stock had previously closed at C$54.91.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. CIBC boosted their target price on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. Citigroup boosted their target price on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. BMO Capital Markets boosted their target price on Pembina Pipeline from C$56.00 to C$58.00 in a research note on Thursday, September 5th. Royal Bank of Canada boosted their target price on Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, TD Securities boosted their target price on 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. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.77.

Pembina Pipeline Price Performance

The business’s fifty day simple moving average is C$52.83 and its 200-day simple moving average is C$50.29. 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 firm has a market cap of C$31.73 billion, a P/E ratio of 16.75, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The firm had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. As a group, analysts forecast that Pembina Pipeline Co. will post 3.4183168 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.05%. Pembina Pipeline’s payout ratio is currently 84.66%.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total value of C$1,965,933.60. Insiders own 0.05% of the company’s stock.

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.