Pembina Pipeline (TSE:PPL) Reaches New 1-Year High After Analyst Upgrade

Pembina Pipeline Co. (TSE:PPL - Get Free Report) NYSE: PBA's share price hit a new 52-week high on Friday after ATB Capital raised their price target on the stock from C$55.00 to C$56.00. The company traded as high as C$48.74 and last traded at C$48.69, with a volume of 1758464 shares. The stock had previously closed at C$48.39.

Several other brokerages also recently issued reports on PPL. BMO Capital Markets increased their price target on Pembina Pipeline from C$52.00 to C$53.00 in a report on Friday, February 23rd. CIBC increased their price target on Pembina Pipeline from C$55.00 to C$56.00 and gave the company an "outperform" rating in a report on Monday, February 26th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from C$50.00 to C$51.00 and gave the company a "neutral" rating in a report on Thursday, January 18th. Wells Fargo & Company increased their price target on Pembina Pipeline from C$52.00 to C$55.00 in a report on Thursday, March 7th. Finally, Jefferies Financial Group set a C$52.00 price target on Pembina Pipeline and gave the company a "buy" rating in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$52.35.

Pembina Pipeline Price Performance

The company has a debt-to-equity ratio of 70.47, a current ratio of 0.82 and a quick ratio of 0.50. The stock has a market capitalization of C$26.75 billion, a P/E ratio of 16.24, a PEG ratio of 4.80 and a beta of 1.48. The company's 50 day simple moving average is C$46.87 and its two-hundred day simple moving average is C$44.87.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last announced its earnings results 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 net margin of 19.46% and a return on equity of 11.24%. The company had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. As a group, equities analysts expect that Pembina Pipeline Co. will post 3.0372272 EPS for the current fiscal 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.