Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given an average recommendation of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$59.07.

A number of equities analysts recently weighed in on PPL shares. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets dropped their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday. Wells Fargo & Company lifted their target price on Pembina Pipeline from C$61.00 to C$63.00 in a report on Wednesday, November 13th. Raymond James dropped their price target on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday. Finally, UBS Group raised Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at C$54.61 on Wednesday. The company has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. The stock’s 50-day simple moving average is C$57.90 and its 200-day simple moving average is C$54.47. Pembina Pipeline has a 52 week low of C$43.64 and a 52 week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share for the quarter, missing the consensus estimate of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. As a group, analysts expect that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

Pembina Pipeline Company Profile

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.