Pembina Pipeline Co. (PPL.TO) (TSE:PPL) (NYSE:PBA) had its target price raised by equities research analysts at Tudor Pickering to C$40.00 in a note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a "buy" rating on the stock. Tudor Pickering's price target suggests a potential upside of 12.30% from the company's previous close.
Several other research firms also recently weighed in on PPL. Tudor Pickering & Holt set a C$40.00 price objective on shares of Pembina Pipeline Co. (PPL.TO) and gave the stock a "buy" rating in a report on Wednesday. Scotiabank lowered their price objective on shares of Pembina Pipeline Co. (PPL.TO) from C$42.00 to C$37.00 in a report on Friday, November 6th. UBS Group restated a "hold" rating on shares of Pembina Pipeline Co. (PPL.TO) in a report on Tuesday, January 5th. Stifel Firstegy downgraded shares of Pembina Pipeline Co. (PPL.TO) from a "buy" rating to a "hold" rating in a report on Monday, December 14th. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline Co. (PPL.TO) from an "outperform" rating to an "equal weight" rating in a report on Monday, November 30th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of "Hold" and an average target price of C$38.47.
TSE PPL traded down C$0.49 on Thursday, hitting C$35.62. 1,325,956 shares of the company were exchanged, compared to its average volume of 2,614,845. The company has a market cap of C$19.59 billion and a PE ratio of 22.03. Pembina Pipeline Co. has a 12 month low of C$15.27 and a 12 month high of C$53.79. The stock has a fifty day moving average of C$32.90 and a 200-day moving average of C$31.79. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 70.19.
Pembina Pipeline Co. (PPL.TO) (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, November 5th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of C$0.52 by C($0.01). The company had revenue of C$1.57 billion for the quarter, compared to analyst estimates of C$1.75 billion. On average, analysts expect that Pembina Pipeline Co. will post 2.3399998 earnings per share for the current year.
Pembina Pipeline Co. (PPL.TO) Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, transmission, and oil sands and heavy oil pipeline assets with a transportation capacity of 3.1 million barrels of oil, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent serving markets and basins across North America.
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