Barclays Forecasts Strong Price Appreciation for Pembina Pipeline (TSE:PPL) Stock

by · The Cerbat Gem

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) had its price objective hoisted by stock analysts at Barclays from C$63.00 to C$69.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 1.66% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating and lifted their price target for the company from C$63.00 to C$70.00 in a research report on Monday. BMO Capital Markets lifted their price target on shares of Pembina Pipeline from C$60.00 to C$63.00 in a research report on Wednesday, April 8th. National Bank Financial lifted their price target on shares of Pembina Pipeline from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Royal Bank Of Canada lifted their price target on shares of Pembina Pipeline from C$62.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Pembina Pipeline from C$64.00 to C$67.00 in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus price target of C$63.92.

Read Our Latest Research Report on PPL

Pembina Pipeline Stock Performance

PPL stock traded up C$0.12 during mid-day trading on Thursday, hitting C$67.87. 515,918 shares of the company were exchanged, compared to its average volume of 2,381,382. The company has a current ratio of 0.83, a quick ratio of 0.50 and a debt-to-equity ratio of 82.35. Pembina Pipeline has a 1-year low of C$48.74 and a 1-year high of C$69.10. The business has a 50 day simple moving average of C$61.86 and a 200-day simple moving average of C$57.45. The stock has a market capitalization of C$39.46 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.58 and a beta of 0.42.

Pembina Pipeline (TSE:PPL – Get Free Report) (NYSE:PBA) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.81 earnings per share for the quarter. Pembina Pipeline had a net margin of 22.22% and a return on equity of 9.98%. The company had revenue of C$2.11 billion during the quarter. On average, equities analysts forecast that Pembina Pipeline will post 3.439908 earnings per share for the current year.

About Pembina Pipeline

(Get Free Report)

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.

Further Reading