Pembina Pipeline (TSE:PPL) Trading 6.1% Higher – Still a Buy?

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA)’s stock price shot up 6.1% during trading on Friday . The stock traded as high as C$55.71 and last traded at C$55.71. 1,046,080 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,116,095 shares. The stock had previously closed at C$52.51.

Wall Street Analyst Weigh In

Several equities analysts have commented on PPL shares. Raymond James dropped their target price on shares of Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from C$63.00 to C$57.00 in a report on Wednesday, December 18th. Barclays set a C$63.00 price objective on Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. TD Securities set a C$66.00 target price on Pembina Pipeline and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets reduced their price target on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of C$59.33.

Pembina Pipeline Trading Up 7.1 %

The stock has a market cap of C$32.51 billion, a PE ratio of 16.32, a P/E/G ratio of 1.58 and a beta of 1.48. The company has a quick ratio of 0.50, a current ratio of 0.65 and a debt-to-equity ratio of 78.68. The firm has a 50-day simple moving average of C$52.63 and a 200-day simple moving average of C$54.98.

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.