CIBC Raises Pembina Pipeline (TSE:PPL) Price Target to C$57.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by CIBC from C$56.00 to C$57.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the company. Citigroup increased their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. Jefferies Financial Group increased their target price on Pembina Pipeline from C$52.00 to C$54.00 and gave the stock a buy rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a neutral rating in a report on Friday, April 12th. Wells Fargo & Company upped their price target on shares of Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Finally, TD Securities upped their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a buy rating in a report on Friday, April 5th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$52.77.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at C$47.98 on Friday. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$48.97. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 70.47. The business’s 50 day simple moving average is C$47.30 and its 200 day simple moving average is C$45.41. The company has a market cap of C$26.36 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 4.80 and a beta of 1.48.

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

Insider Activity at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was 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 stock in a transaction dated 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 company’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, with a total value of C$96,098.02. 0.07% of the stock is owned by 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.