Pembina Pipeline (TSE:PPL – Free Report) (NYSE:PBA) had its price objective raised by Jefferies Financial Group from C$52.00 to C$54.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued reports about the stock. Stifel Nicolaus increased their price target on shares of Pembina Pipeline from C$53.00 to C$54.50 and gave the stock a buy rating in a research note on Wednesday, December 20th. CIBC increased their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an outperform rating in a research note on Monday, February 26th. JPMorgan Chase & Co. increased 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 research note on Friday, April 12th. Citigroup increased their price target on shares of Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a neutral rating in a research note on Wednesday, March 6th. Finally, BMO Capital Markets increased their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. 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 MarketBeat, Pembina Pipeline presently has an average rating of Moderate Buy and a consensus price target of C$52.77.
Read Our Latest Report on Pembina Pipeline
Pembina Pipeline Stock Up 1.7 %
Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. The business had revenue of C$2.47 billion during the quarter, compared to analyst estimates of C$2.47 billion. Equities analysts expect that Pembina Pipeline will post 3.0374298 earnings per share for the current year.
Insider Buying and Selling at Pembina Pipeline
In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the firm’s 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. 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 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 purchased 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were bought at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. 0.07% of the stock is owned by company 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.
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