BMO Capital Markets Lowers Pembina Pipeline (TSE:PPL) Price Target to C$59.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target reduced by equities research analysts at BMO Capital Markets from C$61.00 to C$59.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 8.04% from the stock’s current price.

PPL has been the topic of several other research reports. Raymond James dropped their target price on Pembina Pipeline from C$62.00 to C$61.00 in a report on Friday. Wells Fargo & Company upped their price objective on Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. UBS Group upgraded Pembina Pipeline to a “hold” rating in a research note on Wednesday, September 11th. Citigroup upped their price objective on Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Finally, JPMorgan Chase & Co. upped their price objective on Pembina Pipeline from C$60.00 to C$62.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target of C$59.07.

Pembina Pipeline Trading Down 0.6 %

Shares of Pembina Pipeline stock traded down C$0.33 during trading on Friday, reaching C$54.61. 6,334,863 shares of the company were exchanged, compared to its average volume of 2,763,650. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a twelve month low of C$43.64 and a twelve month high of C$60.72. The business has a 50-day moving average price of C$57.95 and a 200-day moving average price of C$54.43. The firm has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.58 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued 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). Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. The firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$2.03 billion. Sell-side analysts anticipate that Pembina Pipeline will post 3.439908 EPS for the current fiscal 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.