Pembina Pipeline (TSE:PPL) Given New C$56.00 Price Target at ATB Capital

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its target price lifted by ATB Capital from C$55.00 to C$56.00 in a research note published on Friday, BayStreet.CA reports.

Several other equities research analysts have also commented on PPL. JPMorgan Chase & Co. upped their price objective on Pembina Pipeline from C$50.00 to C$51.00 and gave the stock a neutral rating in a research report on Thursday, January 18th. TD Securities increased their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday. Stifel Nicolaus lifted their price target on Pembina Pipeline from C$53.00 to C$54.50 and gave the company a buy rating in a research note on Wednesday, December 20th. CIBC raised their price objective 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. Finally, Wells Fargo & Company upped their target price on Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of Moderate Buy and an average price target of C$52.35.

Pembina Pipeline Stock Performance

Shares of TSE PPL traded up C$0.30 during mid-day trading on Friday, hitting C$48.69. The stock had a trading volume of 1,758,464 shares, compared to its average volume of 2,730,617. The company has a 50 day moving average of C$46.87 and a two-hundred day moving average of C$44.87. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$48.74. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. The firm has a market cap of C$26.75 billion, a PE ratio of 16.28, a PEG ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last issued its earnings results on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating analysts' consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The firm had revenue of C$2.47 billion for the quarter, compared to analyst estimates of C$2.47 billion. Research analysts predict that Pembina Pipeline will post 3.0372272 EPS for the current fiscal year.

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.