Pembina Pipeline (TSE:PPL) Price Target Raised to C$57.00 at CIBC

Pembina Pipeline (TSE:PPL - Free Report) NYSE: PBA had its price target upped by CIBC from C$56.00 to C$57.00 in a research report released on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

PPL has been the topic of a number of other reports. Citigroup boosted their price target on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a neutral rating in a research report on Wednesday, March 6th. ATB Capital boosted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a research note on Friday, April 5th. Wells Fargo & Company boosted their target price on shares of Pembina Pipeline from C$52.00 to C$55.00 in a research note on Thursday, March 7th. TD Securities upped their price objective on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, National Bankshares upped their price objective on Pembina Pipeline from C$46.00 to C$50.00 and gave the stock a sector perform rating in a research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$52.77.

Pembina Pipeline Price Performance

TSE PPL traded up C$0.78 during trading hours on Friday, reaching C$47.98. 1,836,632 shares of the stock traded hands, compared to its average volume of 2,697,148. The stock has a 50 day simple moving average of C$47.24 and a two-hundred day simple moving average of C$45.35. Pembina Pipeline has a 1 year low of C$38.79 and a 1 year high of C$48.97. 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 company has a market cap of C$26.36 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last released its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, topping the consensus estimate of C$0.75 by C$0.46. The firm had revenue of C$2.47 billion for the quarter, compared to the consensus estimate of C$2.47 billion. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. On average, analysts predict that Pembina Pipeline will post 3.0374298 EPS for the current fiscal year.

Insider Transactions at Pembina Pipeline

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

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.