Pembina Pipeline Co. (TSE:PPL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$59.31.

Several research analysts have commented on the stock. Raymond James raised their target price on shares of Pembina Pipeline from C$62.00 to C$63.00 in a report on Monday, March 3rd. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities set a C$66.00 target price on shares of Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. Wells Fargo & Company cut Pembina Pipeline from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. Finally, UBS Group dropped their price target on Pembina Pipeline from C$62.00 to C$57.00 in a research report on Wednesday, March 5th.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Janet C. Loduca sold 5,338 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total transaction of C$296,045.48. Also, Senior Officer J. Scott Burrows purchased 12,087 shares of Pembina Pipeline stock in a transaction on Friday, March 14th. The stock was bought at an average cost of C$54.05 per share, with a total value of C$653,302.35. Insiders own 0.05% of the company’s stock.

Pembina Pipeline Trading Down 0.3 %

TSE:PPL opened at C$57.08 on Friday. The stock has a fifty day simple moving average of C$53.86 and a 200 day simple moving average of C$55.32. The firm has a market capitalization of C$33.00 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 1-year low of C$46.71 and a 1-year high of C$60.72. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68.

Pembina Pipeline Company Profile

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.