Pembina Pipeline (PPL) – Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Pembina Pipeline (TSE: PPL):

• 10/11/2024 – Pembina Pipeline was given a new C$63.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
• 10/10/2024 – Pembina Pipeline was upgraded by analysts at Raymond James to a “moderate buy” rating.
• 10/3/2024 – Pembina Pipeline had its price target raised by analysts at Royal Bank of Canada from C$60.00 to C$65.00. They now have an “outperform” rating on the stock.
• 10/3/2024 – Pembina Pipeline had its price target raised by analysts at JPMorgan Chase & Co. from C$60.00 to C$62.00. They now have a “hold” rating on the stock.
• 9/11/2024 – Pembina Pipeline was upgraded by analysts at UBS Group AG to a “hold” rating.
• 9/5/2024 – Pembina Pipeline had its price target raised by analysts at BMO Capital Markets from C$56.00 to C$58.00.
• 8/28/2024 – Pembina Pipeline had its price target raised by analysts at Citigroup Inc. from C$53.00 to C$56.00.

Pembina Pipeline Stock Performance

TSE PPL traded down C$0.21 during midday trading on Thursday, hitting C$58.73. The company had a trading volume of 255,533 shares, compared to its average volume of 2,771,436. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The stock has a market cap of C$34.08 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.58 and a beta of 1.48. The firm has a fifty day simple moving average of C$55.75 and a two-hundred day simple moving average of C$52.29. Pembina Pipeline Co. has a fifty-two week low of C$41.84 and a fifty-two week high of C$59.86.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The business had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Equities analysts forecast that Pembina Pipeline Co. will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.76 dividend on an annualized basis and a yield of 4.70%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Company insiders own 0.05% of the company’s stock.

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.