Citigroup Increases Pembina Pipeline (TSE:PPL) Price Target to C$53.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by equities researchers at Citigroup from C$50.00 to C$53.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential upside of 5.73% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Scotiabank boosted their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Sunday. JPMorgan Chase & Co. boosted their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. ATB Capital upped their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, April 5th. National Bankshares upped their target price on Pembina Pipeline from C$50.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Monday, May 13th. Finally, CIBC raised their price objective on Pembina Pipeline from C$56.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$54.25.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at C$50.13 on Tuesday. The firm has a market cap of C$29.05 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The stock’s 50-day moving average is C$48.53 and its 200-day moving average is C$46.69. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$50.97. The company has a debt-to-equity ratio of 74.45, a current ratio of 1.03 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.46. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. Equities analysts predict that Pembina Pipeline will post 3.1496556 earnings per share for the current fiscal year.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of C$48.44 per share, for a total transaction of C$96,098.02. In other news, Director Henry William Sykes acquired 1,984 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of C$48.44 per share, for a total transaction of C$96,098.02. Also, Senior Officer Cameron Goldade sold 21,689 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total value of C$1,098,764.74. Company insiders own 0.04% of the company’s stock.

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.