TD Securities Upgrades Pembina Pipeline (TSE:PPL) to Strong-Buy

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by research analysts at TD Securities to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company downgraded shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Raymond James lowered their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$59.33.

Pembina Pipeline Stock Up 0.4 %

PPL opened at C$52.95 on Tuesday. The firm has a 50 day moving average price of C$55.34 and a 200 day moving average price of C$54.85. The company has a market cap of C$30.72 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1 year low of C$44.56 and a 1 year high of C$60.72. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Tuesday, November 5th. The company reported C$0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The business had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. Sell-side analysts expect that Pembina Pipeline will post 3.439908 earnings per share 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.