Pembina Pipeline (TSE:PPL) Sets New 12-Month High – Should You Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$69.52 and last traded at C$69.27, with a volume of 192758 shares trading hands. The stock had previously closed at C$67.27.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce upped their target price on shares of Pembina Pipeline from C$72.00 to C$73.00 and gave the company an “outperformer” rating in a research note on Friday, July 3rd. Barclays boosted their price target on Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$65.00 to C$75.00 in a research note on Tuesday, May 26th. TD Securities raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Scotia lifted 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$66.57.

Pembina Pipeline Trading Up 3.0%

The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 82.35. The stock has a market capitalization of C$40.29 billion, a P/E ratio of 26.05, a PEG ratio of 1.58 and a beta of 0.27. The firm’s 50-day simple moving average is C$66.24 and its 200 day simple moving average is C$60.95.

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