Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$58.67.

A number of brokerages recently commented on PPL. Royal Bank of Canada boosted their target price on 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. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Raymond James lowered their price objective on shares of Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday, December 13th. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$63.00 to C$57.00 in a research note on Wednesday, December 18th.

Pembina Pipeline Stock Performance

Shares of PPL stock opened at C$52.35 on Friday. The firm has a 50 day moving average of C$55.57 and a 200-day moving average of C$54.82. The company has a market cap of C$30.37 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. 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 has a 52 week low of C$44.56 and a 52 week high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$2.03 billion. On average, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 5.27%. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

About Pembina Pipeline

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.