Pembina Pipeline (TSE:PPL) Reaches New 1-Year High at $48.76

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$48.76 and last traded at C$47.83, with a volume of 441678 shares changing hands. The stock had previously closed at C$47.61.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. CIBC lifted their price objective on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Stifel Nicolaus lifted their price target on shares of 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. BMO Capital Markets upped their price target on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Finally, Jefferies Financial Group set a C$52.00 price objective on shares of Pembina Pipeline and gave the stock a “buy” rating in a report on Tuesday, February 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$52.25.

Pembina Pipeline Trading Up 0.4 %

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$26.27 billion, a P/E ratio of 15.99, a P/E/G ratio of 4.80 and a beta of 1.48. The firm has a 50 day simple moving average of C$46.60 and a 200 day simple moving average of C$44.63.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$1.21 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.46. Pembina Pipeline had a net margin of 19.46% and a return on equity of 11.24%. The company had revenue of C$2.47 billion during the quarter, compared to analysts’ expectations of C$2.47 billion. On average, equities research analysts predict that Pembina Pipeline Co. 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.