BMO Capital Markets Has Lowered Expectations for Pembina Pipeline (TSE:PPL) Stock Price

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective decreased by BMO Capital Markets from C$61.00 to C$59.00 in a research note released on Friday morning,BayStreet.CA reports.

PPL has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on shares of Pembina Pipeline from C$61.00 to C$63.00 in a research note on Wednesday, November 13th. Citigroup raised their price target on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. National Bankshares boosted their price objective on shares of Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Barclays set a C$63.00 target price on Pembina Pipeline and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Pembina Pipeline from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$59.07.

Pembina Pipeline Trading Down 0.6 %

Shares of PPL opened at C$54.61 on Friday. The firm’s 50-day moving average is C$57.90 and its two-hundred day moving average is C$54.47. The firm has a market capitalization of C$31.69 billion, a P/E ratio of 16.75, a PEG ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.50 and a debt-to-equity ratio of 77.50. Pembina Pipeline has a twelve month low of C$43.64 and a twelve month high of C$60.72.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings data on Tuesday, November 5th. The company reported C$0.60 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.19). Pembina Pipeline had a return on equity of 11.89% and a net margin of 20.60%. The business had revenue of C$1.84 billion during the quarter, compared to analysts’ expectations of C$2.03 billion. On average, research analysts predict that Pembina Pipeline will post 3.439908 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 5.05%. Pembina Pipeline’s dividend payout ratio is currently 84.66%.

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.