Jefferies Financial Group Boosts Pembina Pipeline (TSE:PPL) Price Target to C$54.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lifted by stock analysts at Jefferies Financial Group from C$52.00 to C$54.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target indicates a potential upside of 14.87% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. CIBC increased their target price on Pembina Pipeline from C$55.00 to C$56.00 and gave the stock an “outperform” rating in a report on Monday, February 26th. BMO Capital Markets raised their price objective on Pembina Pipeline from C$52.00 to C$53.00 in a research note on Friday, February 23rd. Stifel Nicolaus raised their price objective on 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. TD Securities raised their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup raised their target price on Pembina Pipeline from C$47.00 to C$50.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$52.58.

Pembina Pipeline Trading Down 0.6 %

Shares of Pembina Pipeline stock traded down C$0.26 on Wednesday, reaching C$47.01. 2,001,168 shares of the company’s stock were exchanged, compared to its average volume of 2,710,127. Pembina Pipeline has a 52 week low of C$38.79 and a 52 week high of C$48.97. The firm’s 50-day moving average is C$47.18 and its two-hundred day moving average is C$45.32. 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 company has a market capitalization of C$25.83 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 4.80 and a beta of 1.48.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, February 22nd. The company reported C$1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.46. Pembina Pipeline had a return on equity of 11.24% and a net margin of 19.46%. The company had revenue of C$2.47 billion for the quarter, compared to analysts’ expectations of C$2.47 billion. Sell-side analysts predict that Pembina Pipeline will post 3.0374298 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer J. Scott Burrows sold 5,314 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total transaction of C$259,429.48. In other Pembina Pipeline news, Director Henry William Sykes bought 1,984 shares of Pembina Pipeline stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average cost of C$48.44 per share, with a total value of C$96,098.02. Also, Senior Officer J. Scott Burrows sold 5,314 shares of the company’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$48.82, for a total value of C$259,429.48. Insiders own 0.07% of the company’s stock.

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.