Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price boosted by equities researchers at National Bank Financial from C$56.00 to C$58.00 in a research note issued on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 34.07% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. TD Securities increased their price objective on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research note on Friday, August 3rd. Raymond James increased their price objective on shares of Pembina Pipeline from C$48.00 to C$49.00 in a research note on Thursday, July 5th. CIBC increased their price objective on shares of Pembina Pipeline from C$51.00 to C$53.00 in a research note on Friday. BMO Capital Markets increased their price objective on shares of Pembina Pipeline from C$52.00 to C$54.00 in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from C$55.00 to C$57.00 in a research note on Thursday, September 27th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$53.70.
Shares of TSE:PPL opened at C$43.26 on Friday. Pembina Pipeline has a one year low of C$37.60 and a one year high of C$47.84.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, August 2nd. The company reported C$0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.52 by C($0.10). The company had revenue of C$1.95 billion for the quarter, compared to analyst estimates of C$1.55 billion.
In other news, insider Cameron Goldade sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of C$25.96, for a total transaction of C$51,920.00. Also, Director Henry William Sykes purchased 1,200 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average cost of C$46.52 per share, with a total value of C$55,824.00. Insiders have bought 2,815 shares of company stock valued at $129,248 in the last ninety days.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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