Pembina Pipeline Co. (TSE:PPL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$66.57.

A number of research firms recently commented on PPL. National Bank Financial increased their price objective on Pembina Pipeline from C$63.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Barclays raised their price target on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised shares of Pembina Pipeline from a “strong sell” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. Finally, Scotia boosted their price target on Pembina Pipeline from C$65.00 to C$69.00 and gave the company a “sector outperform” rating in a report on Friday, July 3rd.

Pembina Pipeline Stock Up 0.6%

PPL stock opened at C$70.68 on Thursday. The company’s 50 day simple moving average is C$66.71 and its 200-day simple moving average is C$61.34. The firm has a market capitalization of C$41.10 billion, a PE ratio of 26.57, a P/E/G ratio of 1.58 and a beta of 0.27. Pembina Pipeline has a 12 month low of C$48.74 and a 12 month high of C$71.01. The company has a debt-to-equity ratio of 82.35, a current ratio of 0.83 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The firm had revenue of C$2.11 billion during the quarter. Equities analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

About Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.