Pembina Pipeline (TSE:PPL) Price Target Raised to C$63.00 at Wells Fargo & Company

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by Wells Fargo & Company from C$61.00 to C$63.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other analysts also recently weighed in on the company. Jefferies Financial Group boosted their target price on Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. BMO Capital Markets boosted their price objective on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a report on Thursday, October 3rd. Raymond James set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “outperform” rating in a research note on Friday, October 11th. Finally, National Bankshares upped their price target on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$58.86.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at C$58.13 on Wednesday. Pembina Pipeline has a fifty-two week low of C$43.37 and a fifty-two week high of C$59.86. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The stock has a market cap of C$33.73 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm’s fifty day moving average price is C$57.06 and its 200-day moving average price is C$53.28.

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

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is 84.66%.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction dated 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. Also, Senior Officer J. Scott Burrows sold 3,926 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Corporate 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.