Pembina Pipeline (TSE:PPL) Upgraded to “Strong-Buy” at TD Securities

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by equities researchers at TD Securities to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on PPL. Barclays set a C$63.00 price target on Pembina Pipeline and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$60.00 to C$62.00 and gave the stock a “hold” rating in a research note on Thursday, October 3rd. Raymond James decreased their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday, December 13th. Royal Bank of Canada increased their price target on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets decreased their target price on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$59.33.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$52.95 on Tuesday. The company has a market cap of C$30.72 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The firm has a 50-day moving average of C$55.34 and a 200-day moving average of C$54.85. Pembina Pipeline has a one year low of C$44.56 and a one year high of C$60.72. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing analysts’ consensus estimates of C$0.79 by C($0.19). The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$2.03 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. As a group, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

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.