Pembina Pipeline (TSE:PPL) PT Raised to C$56.00 at Tudor Pickering & Holt

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target upped by analysts at Tudor Pickering & Holt from C$55.00 to C$56.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Tudor Pickering & Holt’s price target indicates a potential upside of 9.72% from the stock’s previous close.

A number of other analysts have also issued reports on PPL. National Bankshares boosted their price objective on Pembina Pipeline from C$51.00 to C$52.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Scotiabank upped their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Sunday, May 19th. Stifel Nicolaus upped their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Citigroup upped their price objective on Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$54.77.

Pembina Pipeline Stock Performance

Shares of PPL traded down C$0.32 during mid-day trading on Friday, hitting C$51.04. The stock had a trading volume of 463,503 shares, compared to its average volume of 2,834,705. The firm has a market cap of C$29.58 billion, a P/E ratio of 16.40, a PEG ratio of 4.80 and a beta of 1.48. The business has a fifty day moving average price of C$50.13 and a 200-day moving average price of C$47.88. 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 has a 52 week low of C$38.79 and a 52 week high of C$51.67.

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

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline 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 Pembina Pipeline 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. Also, Senior Officer Stuart Taylor sold 29,034 shares of Pembina Pipeline stock in a transaction 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. Over the last 90 days, insiders sold 56,037 shares of company stock worth $2,822,669. 0.04% of the stock is 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.