Pembina Pipeline (TSE:PPL) Hits New 1-Year High – Still a Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$59.07 and last traded at C$58.91, with a volume of 572966 shares trading hands. The stock had previously closed at C$58.46.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PPL. Citigroup lifted their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a report on Wednesday, August 28th. ATB Capital raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Tudor Pickering & Holt raised their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, July 5th. Finally, Jefferies Financial Group upped their price target on Pembina Pipeline from C$56.00 to C$58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$58.29.

Pembina Pipeline Trading Up 1.1 %

The firm’s 50 day moving average price is C$54.95 and its 200-day moving average price is C$51.81. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The stock has a market cap of C$34.30 billion, a P/E ratio of 18.02, a P/E/G ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The business had revenue of C$1.86 billion for the quarter, compared to the consensus estimate of C$1.99 billion. As a group, equities research analysts forecast that Pembina Pipeline Co. will post 3.3857479 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a $0.69 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.76 annualized dividend and a dividend yield of 4.67%. Pembina Pipeline’s payout ratio is 84.66%.

Insider Transactions at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of C$54.32, for a total value of C$213,251.68. In related news, Senior Officer Jaret Sprott sold 37,414 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Also, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total transaction of C$213,251.68. Corporate insiders own 0.05% 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.