Scotiabank Boosts Pembina Pipeline (TSE:PPL) Price Target to C$56.00

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA had its target price lifted by analysts at Scotiabank from C$55.00 to C$56.00 in a research note issued to investors on Sunday, BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Scotiabank's target price indicates a potential upside of 11.33% from the company's current price.

A number of other research firms have also commented on PPL. ATB Capital lifted their target price on shares of Pembina Pipeline from C$55.00 to C$56.00 in a report on Friday, April 5th. BMO Capital Markets lifted their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Friday, February 23rd. Citigroup lifted their price target on shares of 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. Jefferies Financial Group lifted their price target on shares of Pembina Pipeline from C$54.00 to C$55.00 and gave the stock a "buy" rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.00.

Pembina Pipeline Price Performance

PPL traded down C$0.23 during midday trading on Friday, reaching C$50.30. 3,368,382 shares of the company's stock were exchanged, compared to its average volume of 2,528,775. Pembina Pipeline has a one year low of C$38.79 and a one year high of C$50.97. The business has a 50-day simple moving average of C$48.40 and a two-hundred day simple moving average of C$46.57. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 70.47. The firm has a market capitalization of C$29.15 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 4.80 and a beta of 1.49.

Pembina Pipeline (TSE:PPL - Get Free Report) NYSE: PBA last posted its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.75 by C$0.46. The company had revenue of C$2.47 billion during the quarter, compared to analysts' expectations of C$2.47 billion. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. As a group, research analysts predict that Pembina Pipeline will post 3.0400751 EPS for the current year.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, 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. In other news, Director Henry William Sykes purchased 1,984 shares of the business's stock in a transaction dated Tuesday, April 9th. The stock was bought at an average price of C$48.44 per share, with a total value 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. 0.04% of the stock is owned by company 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.