Pembina Pipeline (TSE:PPL) Given New C$59.00 Price Target at BMO Capital Markets

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective reduced by research analysts at BMO Capital Markets from C$61.00 to C$59.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 8.04% from the company’s previous close.

Several other research firms have also recently commented on PPL. Raymond James lowered their target price on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday. National Bankshares boosted their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their target price on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. UBS Group upgraded shares of Pembina Pipeline to a “hold” rating in a research report on Wednesday, September 11th. Finally, Citigroup lifted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Performance

PPL traded down C$0.33 during trading hours on Friday, hitting C$54.61. The company’s stock had a trading volume of 6,334,863 shares, compared to its average volume of 2,763,650. Pembina Pipeline has a fifty-two week low of C$43.64 and a fifty-two week high of C$60.72. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. The firm has a market capitalization of C$31.69 billion, a PE ratio of 16.76, a PEG ratio of 1.58 and a beta of 1.48. The company has a 50-day simple moving average of C$57.95 and a 200 day simple moving average of C$54.43.

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

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.