Royal Bank of Canada Raises Pembina Pipeline (TSE:PPL) Price Target to C$60.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price target lifted by analysts at Royal Bank of Canada from C$58.00 to C$60.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 15.01% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Tudor Pickering & Holt boosted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. National Bankshares increased their price objective on Pembina Pipeline from C$51.00 to C$52.00 in a research report on Wednesday, June 26th. Jefferies Financial Group boosted their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Citigroup upped their price target on shares of Pembina Pipeline from C$50.00 to C$53.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, CIBC boosted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of C$55.64.

Pembina Pipeline Stock Performance

TSE:PPL traded down C$0.93 during midday trading on Monday, reaching C$52.17. The stock had a trading volume of 880,873 shares, compared to its average volume of 2,699,784. The company has a quick ratio of 0.50, a current ratio of 1.03 and a debt-to-equity ratio of 74.45. The stock has a market cap of C$30.23 billion, a P/E ratio of 16.86, a P/E/G ratio of 4.80 and a beta of 1.48. The firm has a fifty day simple moving average of C$51.42 and a two-hundred day simple moving average of C$49.12. Pembina Pipeline has a 12-month low of C$38.79 and a 12-month high of C$53.82.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its earnings results on Thursday, May 9th. The company reported C$0.73 earnings per share for the quarter, missing the consensus estimate of C$0.74 by C($0.01). Pembina Pipeline had a net margin of 20.39% and a return on equity of 11.65%. The firm had revenue of C$1.54 billion during the quarter, compared to analysts’ expectations of C$2.50 billion. On average, equities analysts expect that Pembina Pipeline will post 3.1496556 EPS for the current year.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total value of C$1,098,764.74. In other news, Senior Officer Stuart Taylor sold 29,034 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$50.44, for a total transaction of C$1,464,474.96. Also, Senior Officer Cameron Goldade sold 21,689 shares of Pembina Pipeline stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of C$50.66, for a total value of C$1,098,764.74. 0.04% of the stock is owned by insiders.

About Pembina Pipeline

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.