Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$58.67.

PPL has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Raymond James lowered their price objective on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada boosted their target price on Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd.

Pembina Pipeline Stock Down 0.1 %

PPL opened at C$53.12 on Friday. The company has a market capitalization of C$30.82 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm has a 50-day simple moving average of C$55.69 and a two-hundred day simple moving average of C$54.80. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a 52 week low of C$44.56 and a 52 week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). The firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$2.03 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. Analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.20%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.66%.

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.