Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by equities researchers at CIBC from C$50.00 to C$51.00 in a note issued to investors on Thursday, January 11th. CIBC’s price target would indicate a potential upside of 25.03% from the company’s previous close.
PPL has been the topic of a number of other research reports. TD Securities raised their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. National Bank Financial raised their target price on shares of Pembina Pipeline from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. JPMorgan Chase & Co. raised their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Tuesday, September 26th. Finally, Scotiabank raised their target price on shares of Pembina Pipeline from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 4th. Nine investment analysts have rated the stock with a buy rating, Pembina Pipeline has a consensus rating of “Buy” and a consensus target price of C$51.22.
Shares of Pembina Pipeline (PPL) opened at C$40.79 on Thursday. The company has a market cap of $20,520.00, a P/E ratio of 32.37 and a beta of 0.28. Pembina Pipeline has a 1 year low of C$39.04 and a 1 year high of C$46.17.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, November 2nd. The company reported C$0.22 EPS for the quarter, missing the consensus estimate of C$0.37 by C($0.15). Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.
In related news, Director Bruce D. Rubin purchased 5,000 shares of the business’s stock in a transaction on Friday, January 12th. The shares were bought at an average price of C$35.37 per share, with a total value of C$176,850.00. Also, Director Maureen Howe bought 2,400 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average cost of C$45.08 per share, for a total transaction of C$108,192.00. In the last ninety days, insiders have acquired 8,915 shares of company stock worth $334,311.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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