Pembina Pipeline (TSE:PPL) Price Target Raised to C$52.00 at JPMorgan Chase & Co.

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its price objective raised by JPMorgan Chase & Co. from C$51.00 to C$52.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on the company. TD Securities upped their price target on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a buy rating in a report on Friday, April 5th. BMO Capital Markets increased their target price on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Stifel Nicolaus increased their target price 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 increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the company an outperform rating in a research note on Monday, February 26th. Finally, Citigroup increased their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$52.42.

Pembina Pipeline Trading Down 0.4 %

Shares of TSE:PPL traded down C$0.18 during trading on Friday, reaching C$47.83. 2,839,112 shares of the stock were exchanged, compared to its average volume of 2,721,736. The company has a debt-to-equity ratio of 70.47, a quick ratio of 0.50 and a current ratio of 0.82. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$48.97. The firm has a market cap of C$26.28 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48. The firm's 50-day moving average price is C$47.06 and its 200 day moving average price is C$45.12.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last issued 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 return on equity of 11.24% and a net margin of 19.46%. The business had revenue of C$2.47 billion during the quarter, compared to analysts' expectations of C$2.47 billion. On average, sell-side analysts anticipate that Pembina Pipeline will post 3.0374298 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 5,314 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. Also, Director Henry William Sykes purchased 1,984 shares of the firm's stock in a transaction dated Tuesday, April 9th. The stock was acquired at an average cost of C$48.44 per share, with a total value of C$96,098.02. 0.07% of the stock is owned by corporate insiders.

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.