National Bankshares Boosts Pembina Pipeline (TSE:PPL) Price Target to C$52.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by National Bankshares from C$51.00 to C$52.00 in a research report released on Wednesday, BayStreet.CA reports.

Several other brokerages have also issued reports on PPL. Wells Fargo & Company increased their price target on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Jefferies Financial Group lifted their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the company a buy rating in a research report on Monday, May 13th. Scotiabank lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a sector perform rating in a research report on Sunday, May 19th. JPMorgan Chase & Co. lifted 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. Finally, Stifel Nicolaus lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company a buy rating in a research report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$54.50.

Pembina Pipeline Stock Down 0.3 %

Shares of TSE PPL opened at C$50.76 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. The firm has a market cap of C$29.42 billion, a PE ratio of 16.32, a P/E/G ratio of 4.80 and a beta of 1.48. The company’s fifty day simple moving average is C$49.91 and its 200 day simple moving average is C$47.73. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$51.59.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate 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%. 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. Shareholders of record on Monday, June 17th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. This represents a $2.76 annualized dividend and a yield of 5.44%. Pembina Pipeline’s dividend payout ratio (DPR) is 88.75%.

Insider Buying and Selling at Pembina Pipeline

In related news, Director Henry William Sykes acquired 1,984 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were acquired at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of C$50.66, for a total transaction of C$1,098,764.74. Also, Director Henry William Sykes bought 1,984 shares of the stock in a transaction dated Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In the last three months, insiders have sold 56,037 shares of company stock worth $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.