Raymond James Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target dropped by investment analysts at Raymond James from C$62.00 to C$61.00 in a report issued on Friday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 11.70% from the company’s current price.

PPL has been the topic of several other reports. Citigroup boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Royal Bank of Canada upped their price target 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. Wells Fargo & Company upped their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price target on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Finally, Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$59.07.

Pembina Pipeline Stock Down 0.6 %

PPL traded down C$0.33 during trading on Friday, hitting C$54.61. The company had a trading volume of 6,334,863 shares, compared to its average volume of 2,763,650. The company has a market capitalization of C$31.69 billion, a PE ratio of 16.76, a PEG ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a one year low of C$43.64 and a one year high of C$60.72. The firm’s 50-day moving average price is C$57.95 and its 200 day moving average price is C$54.43. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data 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). The firm 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%. As a group, equities 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.