Pembina Pipeline Co. (TSE:PPL – Get Free Report) (NYSE:PBA)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$69.34 and last traded at C$68.78, with a volume of 175231 shares traded. The stock had previously closed at C$68.23.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PPL. TD upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating and upped their price target for the stock from C$65.00 to C$75.00 in a report on Tuesday, May 26th. Barclays lifted their price objective on shares of Pembina Pipeline from C$63.00 to C$69.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Citigroup cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and boosted their price objective for the company from C$63.00 to C$70.00 in a research report on Monday, May 18th. National Bank Financial upped their target price on shares of Pembina Pipeline from C$63.00 to C$71.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell 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$65.38.
Read Our Latest Stock Analysis on Pembina Pipeline
Pembina Pipeline Stock Performance
Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share (EPS) for the quarter. The business had revenue of C$2.11 billion for the quarter. Pembina Pipeline had a return on equity of 9.98% and a net margin of 22.22%. Research analysts anticipate that Pembina Pipeline Co. will post 3.439908 earnings per share 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.
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