Pembina Pipeline (TSE:PPL) Stock Price Expected to Rise, ATB Cormark Capital Markets Analyst Says

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price upped by research analysts at ATB Cormark Capital Markets from C$70.00 to C$72.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 7.90% from the company’s current price.

Several other research analysts have also commented on the company. National Bank Financial lifted their price target on Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce lifted their target price on shares of Pembina Pipeline from C$64.00 to C$66.00 in a report on Wednesday, April 8th. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Finally, Citigroup lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their price objective for the company from C$63.00 to C$70.00 in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$66.57.

Pembina Pipeline Stock Performance

TSE PPL traded up C$0.91 during trading hours on Friday, hitting C$66.73. The company had a trading volume of 351,336 shares, compared to its average volume of 2,601,525. The business has a 50 day moving average of C$65.31 and a 200-day moving average of C$60.27. The company has a market cap of C$38.80 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.58 and a beta of 0.28. Pembina Pipeline has a 1-year low of C$48.74 and a 1-year high of C$69.42. The company has a debt-to-equity ratio of 82.35, a quick ratio of 0.50 and a current ratio of 0.83.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, May 7th. The company reported C$0.81 EPS for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%.The business had revenue of C$2.11 billion for the quarter. As a group, equities research analysts expect that Pembina Pipeline will post 3.439908 EPS for the current year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America’s energy industry for more than 70 years. Pembina owns an extensive network of strategically located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities.