Pembina Pipeline (TSE:PPL) Given New C$56.00 Price Target at Stifel Nicolaus

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price raised by Stifel Nicolaus from C$55.00 to C$56.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

PPL has been the subject of several other research reports. Citigroup increased their target price on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. CIBC increased their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an outperform rating in a research note on Monday, February 26th. National Bankshares increased their target price on shares of Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a sector perform rating in a research note on Tuesday, January 30th. ATB Capital raised their price objective on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Finally, BMO Capital Markets raised their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$52.77.

Pembina Pipeline Trading Up 1.7 %

Shares of PPL opened at C$47.98 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97. The firm has a 50-day moving average price of C$47.30 and a 200 day moving average price of C$45.41. The firm has a market capitalization of C$26.36 billion, a P/E ratio of 16.05, a P/E/G ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. The firm had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.47 billion. Sell-side analysts forecast that Pembina Pipeline will post 3.0374298 EPS for the current year.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total transaction of C$259,429.48. 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. 0.07% of the stock is owned by corporate insiders.

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.