Pembina Pipeline (TSE:PPL) Trading Up 6.1% – Here’s Why

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PPL shares. Wells Fargo & Company downgraded Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. 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. Raymond James dropped their price target on Pembina Pipeline from C$62.00 to C$61.00 in a research report on Friday, December 13th. BMO Capital Markets decreased their price objective on shares of Pembina Pipeline from C$61.00 to C$59.00 in a research report on Friday, December 13th. Finally, Barclays set a C$63.00 target price on shares of Pembina Pipeline and gave the company an “overweight” rating in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$59.33.

Pembina Pipeline Stock Performance

The company has a market cap of C$32.51 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company’s fifty day moving average is C$52.63 and its 200 day moving average is C$54.98. The company has a current ratio of 0.65, a quick ratio of 0.50 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.