Pembina Pipeline (TSE:PPL) PT Raised to C$58.00 at CIBC

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by CIBC from C$57.00 to C$58.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. TD Securities upped their target price on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a buy rating in a research note on Tuesday, May 14th. National Bankshares upped their target price on Pembina Pipeline from C$51.00 to C$52.00 in a research note on Wednesday. ATB Capital upped their price target on Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a neutral rating in a report on Friday, April 12th. Finally, Stifel Nicolaus upped their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a buy rating in a report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of C$54.50.

Pembina Pipeline Stock Down 0.3 %

Pembina Pipeline stock opened at C$50.76 on Wednesday. Pembina Pipeline has a fifty-two week low of C$38.79 and a fifty-two week high of C$51.59. The company has a debt-to-equity ratio of 74.45, a quick ratio of 0.50 and a current ratio of 1.03. The company has a market cap of C$29.42 billion, a PE ratio of 16.32, a PEG ratio of 4.80 and a beta of 1.48. The business’s 50-day simple moving average is C$49.91 and its two-hundred day simple moving average is C$47.73.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 9th. The company reported C$0.73 EPS for the quarter, missing analysts’ consensus estimates of C$0.74 by C($0.01). Pembina Pipeline had a return on equity of 11.65% and a net margin of 20.39%. The company had revenue of C$1.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. Equities analysts anticipate that Pembina Pipeline will post 3.1496556 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 5.44%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.67. Pembina Pipeline’s dividend payout ratio is presently 88.75%.

Insider Buying and Selling at Pembina Pipeline

In other news, Director Henry William Sykes bought 1,984 shares of Pembina Pipeline stock in a transaction on Tuesday, April 9th. The stock was acquired at an average price of C$48.44 per share, with a total value of C$96,098.02. In other news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total value of C$1,464,474.96. Also, Director Henry William Sykes purchased 1,984 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, with a total value of C$96,098.02. Insiders sold 56,037 shares of company stock valued at $2,822,669 over the last quarter. 0.04% of the stock is currently owned by insiders.

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.