Pembina Pipeline (TSE:PPL) Upgraded at UBS Group

UBS Group upgraded shares of Pembina Pipeline (TSE:PPL) (NYSE:PBA) to a hold rating in a research report released on Wednesday, Zacks.com reports.

PPL has been the subject of several other reports. CIBC upped their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research report on Monday, July 15th. TD Securities upped their price target on Pembina Pipeline from C$53.00 to C$56.00 and gave the stock a buy rating in a research report on Tuesday, May 14th. Royal Bank of Canada lifted their price objective on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the company an outperform rating in a report on Monday, August 12th. National Bankshares increased their target price on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a sector perform rating in a report on Friday, August 23rd. Finally, Citigroup lifted their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. Five 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, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$56.77.

Pembina Pipeline Stock Performance

Shares of PPL opened at C$56.10 on Wednesday. The firm has a market cap of C$32.55 billion, a P/E ratio of 17.21, a PEG ratio of 4.80 and a beta of 1.48. Pembina Pipeline has a twelve month low of C$38.79 and a twelve month high of C$56.30. The company has a debt-to-equity ratio of 77.50, a quick ratio of 0.50 and a current ratio of 0.69. The firm’s 50 day moving average price is C$53.08 and its two-hundred day moving average price is C$50.45.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.76 by C($0.01). The company had revenue of C$1.86 billion for the quarter, compared to analyst estimates of C$1.99 billion. Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. On average, analysts forecast that Pembina Pipeline will post 3.4183168 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.66%.

Insider Buying and Selling at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 37,414 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. In other news, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. Corporate insiders own 0.05% of the company’s stock.

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.