Pembina Pipeline Co. (TSE:PPL) Receives C$59.31 Average Price Target from Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$59.31.

A number of analysts have issued reports on the company. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from C$63.00 to C$57.00 in a 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 report on Wednesday, January 15th. BMO Capital Markets decreased their price target on Pembina Pipeline from C$61.00 to C$59.00 in a report on Friday, December 13th. UBS Group dropped their price objective on Pembina Pipeline from C$62.00 to C$57.00 in a report on Wednesday, March 5th. Finally, Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th.

Pembina Pipeline Trading Down 0.3 %

Shares of TSE:PPL opened at C$57.08 on Friday. 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 moving average is C$53.86 and its 200-day moving average is C$55.32. The company has a market cap of C$33.00 billion, a P/E ratio of 16.57, 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.

Insider Activity at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Janet C. Loduca sold 5,338 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$55.46, for a total value of C$296,045.48. Also, Senior Officer Chris Scherman purchased 797 shares of the stock in a transaction on Friday, March 21st. The stock was acquired at an average price of C$54.05 per share, with a total value of C$43,077.85. Corporate insiders own 0.05% of the company’s stock.

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.