Recent Investment Analysts’ Ratings Updates for Pembina Pipeline (PPL)

Pembina Pipeline (TSE: PPL) has recently received a number of price target changes and ratings updates:

• 4/19/2024 – Pembina Pipeline had its price target raised by analysts at CIBC from C$56.00 to C$57.00. They now have an “outperform” rating on the stock.
• 4/19/2024 – Pembina Pipeline had its price target raised by analysts at Stifel Nicolaus from C$55.00 to C$56.00. They now have a “buy” rating on the stock.
• 4/17/2024 – Pembina Pipeline had its price target raised by analysts at Jefferies Financial Group Inc. from C$52.00 to C$54.00. They now have a “buy” rating on the stock.
• 4/12/2024 – Pembina Pipeline had its price target raised by analysts at JPMorgan Chase & Co. from C$51.00 to C$52.00. They now have a “neutral” rating on the stock.
• 4/5/2024 – Pembina Pipeline had its price target raised by analysts at TD Securities from C$52.00 to C$53.00. They now have a “buy” rating on the stock.
• 4/5/2024 – Pembina Pipeline had its price target raised by analysts at ATB Capital from C$55.00 to C$56.00.
• 3/7/2024 – Pembina Pipeline had its price target raised by analysts at Wells Fargo & Company from C$52.00 to C$55.00.
• 3/6/2024 – Pembina Pipeline had its price target raised by analysts at Citigroup Inc. from C$47.00 to C$50.00. They now have a “neutral” rating on the stock.

Pembina Pipeline Trading Up 1.3 %

TSE:PPL traded up C$0.64 during mid-day trading on Thursday, hitting C$48.38. The company had a trading volume of 1,796,412 shares, compared to its average volume of 2,607,764. Pembina Pipeline Co. has a fifty-two week low of C$38.79 and a fifty-two week high of C$49.39. The business’s fifty day moving average is C$47.76 and its two-hundred day moving average is C$45.90. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The firm has a market cap of C$26.58 billion, a P/E ratio of 16.18, a P/E/G ratio of 4.80 and a beta of 1.48.

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

Insider Activity

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

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.