Pembina Pipeline Co. (TSE:PPL) Receives C$54.25 Average PT from Analysts

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$54.25.

PPL has been the topic of several research analyst reports. CIBC raised their price target on shares of Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. ATB Capital lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. Citigroup boosted their target price 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. Wells Fargo & Company boosted their target price on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Finally, Scotiabank boosted their target price 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.

Insider Activity

In other news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$50.44, for a total value of C$1,464,474.96. In related news, Senior Officer Stuart Taylor sold 29,034 shares of the stock in a transaction on 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 bought 1,000 shares of Pembina Pipeline stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of C$50.19 per share, with a total value of C$50,190.00. Insiders sold 56,037 shares of company stock worth $2,822,669 over the last quarter. 0.04% of the stock is currently owned by company insiders.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$49.20 on Wednesday. The company has a market capitalization of C$28.51 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$51.59. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50. The company’s fifty day moving average price is C$49.61 and its 200 day moving average price is C$47.57.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing the consensus estimate of C$0.74 by C($0.01). The firm had revenue of C$1.54 billion during the quarter, compared to the consensus estimate of C$2.50 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. As a group, analysts expect that Pembina Pipeline will post 3.1496556 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a dividend of $0.69 per share. The ex-dividend date is Monday, June 17th. This represents a $2.76 dividend on an annualized basis and a yield of 5.61%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s payout ratio is currently 88.75%.

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.