Pembina Pipeline (TSE:PPL) Price Target Raised to C$63.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its target price lifted by Raymond James from C$62.00 to C$63.00 in a report issued on Monday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the stock. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. BMO Capital Markets reduced their price target on Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Finally, TD Securities set a C$66.00 price objective on Pembina Pipeline and gave the stock a “buy” rating in a report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$59.31.

Pembina Pipeline Trading Down 2.4 %

Shares of Pembina Pipeline stock opened at C$54.06 on Monday. The stock has a market capitalization of C$31.25 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.58 and a beta of 1.48. Pembina Pipeline has a 52-week low of C$46.71 and a 52-week high of C$60.72. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. The stock’s 50-day simple moving average is C$52.84 and its 200 day simple moving average is C$55.07.

Insider Activity at Pembina Pipeline

In other news, Senior Officer J. Scott Burrows sold 18,106 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$55.43, for a total value of C$1,003,615.58. 0.05% of the stock is owned by insiders.

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.