Pembina Pipeline (TSE:PPL) (NYSE:PBA)‘s stock had its “outperform” rating reaffirmed by stock analysts at Raymond James in a research note issued to investors on Monday, February 4th. They currently have a C$51.00 price objective on the stock. Raymond James’ target price would suggest a potential upside of 4.27% from the company’s previous close.
Other analysts have also recently issued reports about the company. CIBC increased their price objective on Pembina Pipeline from C$51.00 to C$53.00 in a research report on Friday, November 2nd. BMO Capital Markets increased their price objective on Pembina Pipeline from C$52.00 to C$54.00 in a research report on Friday, November 2nd. Canaccord Genuity increased their price objective on Pembina Pipeline from C$52.00 to C$58.00 in a research report on Monday, November 5th. Cormark increased their price objective on Pembina Pipeline from C$55.00 to C$58.00 in a research report on Monday, November 5th. Finally, National Bank Financial decreased their price objective on Pembina Pipeline from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Wednesday, January 23rd. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$55.27.
Pembina Pipeline stock traded up C$0.75 during mid-day trading on Monday, reaching C$48.91. 1,058,000 shares of the company were exchanged, compared to its average volume of 1,336,789. Pembina Pipeline has a twelve month low of C$37.60 and a twelve month high of C$49.12. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 52.33. The stock has a market capitalization of $24.85 billion and a price-to-earnings ratio of 21.52.
About Pembina Pipeline
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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