Pembina Pipeline (TSE:PPL) Price Target Raised to C$54.00 at Jefferies Financial Group

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price hoisted by equities research analysts at Jefferies Financial Group from C$52.00 to C$54.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 14.87% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. ATB Capital increased their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. CIBC upped their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Scotiabank raised their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. Finally, BMO Capital Markets raised their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Three equities research 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, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of C$52.58.

Pembina Pipeline Stock Performance

TSE PPL traded down C$0.26 during trading hours on Wednesday, hitting C$47.01. 2,001,168 shares of the stock were exchanged, compared to its average volume of 2,710,127. The company has a market cap of C$25.83 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97. The stock has a 50-day moving average of C$47.18 and a 200 day moving average of C$45.32. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. As a group, equities research analysts forecast that Pembina Pipeline will post 3.0374298 earnings per share for the current year.

Insider Activity

In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were 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 J. Scott Burrows sold 5,314 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$48.82, for a total value of C$259,429.48. Also, Director Henry William Sykes bought 1,984 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of C$48.44 per share, for a total transaction of C$96,098.02. Insiders own 0.07% of the company’s stock.

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.