Pembina Pipeline (TSE:PPL) Given a C$66.00 Price Target by TD Securities Analysts

Pembina Pipeline (TSE:PPL) (NYSE:PBA) received a C$66.00 target price from analysts at TD Securities in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 24.43% from the company’s current price.

Several other equities research analysts have also recently weighed in on PPL. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Barclays set a C$63.00 price objective on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Raymond James decreased their price target on Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. BMO Capital Markets dropped their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a research note on Friday, December 13th. Finally, Royal Bank of Canada raised their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Stock Performance

TSE PPL traded up C$0.31 during trading hours on Wednesday, hitting C$53.04. 524,435 shares of the company’s stock traded hands, compared to its average volume of 1,673,520. 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$30.77 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52 week low of C$44.56 and a 52 week high of C$60.72. The business’s fifty day moving average price is C$55.34 and its two-hundred day moving average price is C$54.85.

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. Equities research analysts predict that Pembina Pipeline will post 3.439908 EPS for the current year.

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.