Pembina Pipeline Co. (TSE:PPL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$59.07.

Several analysts have commented on PPL shares. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. BMO Capital Markets dropped their price objective on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company upped their target price on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Finally, Raymond James reduced their price target on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research note on Friday.

Pembina Pipeline Stock Down 0.6 %

Shares of TSE:PPL opened at C$54.61 on Wednesday. Pembina Pipeline has a 12-month low of C$43.64 and a 12-month high of C$60.72. The stock has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.58 and a beta of 1.48. The stock has a fifty day simple moving average of C$57.90 and a two-hundred day simple moving average of C$54.47. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50.

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

Pembina Pipeline Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 5.05%. Pembina Pipeline’s dividend payout ratio (DPR) is 84.66%.

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.