Pembina Pipeline (TSE:PPL) PT Raised to C$40.00

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Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lifted by equities research analysts at Canaccord Genuity from C$31.00 to C$40.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Canaccord Genuity’s target price would suggest a potential upside of 12.58% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada upped their price target on Pembina Pipeline from C$26.00 to C$40.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Scotiabank upped their price objective on Pembina Pipeline from C$55.00 to C$58.00 in a research note on Friday, February 7th. CSFB set a C$40.00 price target on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Co decreased their price objective on Pembina Pipeline from C$40.00 to C$38.00 in a research note on Tuesday, April 14th. Finally, National Bank Financial boosted their price objective on shares of Pembina Pipeline from C$32.00 to C$37.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$46.42.

PPL stock traded up C$0.86 during midday trading on Tuesday, reaching C$35.53. 670,452 shares of the company’s stock traded hands, compared to its average volume of 3,127,831. Pembina Pipeline has a 52 week low of C$15.27 and a 52 week high of C$53.79. The company has a market cap of $19.42 billion and a price-to-earnings ratio of 13.72. The firm’s fifty day moving average price is C$31.39 and its 200-day moving average price is C$41.03. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 66.51.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, May 7th. The company reported C$0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.58 by C($0.08). The company had revenue of C$1.67 billion for the quarter, compared to the consensus estimate of C$2.01 billion. Analysts forecast that Pembina Pipeline will post 2.4792797 earnings per share for the current year.

In related news, Senior Officer Michael H. Dilger sold 25,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$16.51, for a total value of C$412,850.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Analyst Recommendations for Pembina Pipeline (TSE:PPL)

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