Pembina Pipeline Co. (TSE:PPL) Receives C$59.31 Average PT from Brokerages

Shares of Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five 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 target price among brokers that have issued a report on the stock in the last year is C$59.31.

PPL has been the subject of a number of research reports. Wells Fargo & Company cut shares of Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$63.00 to C$57.00 in a research report on Wednesday, December 18th. UBS Group dropped their price objective on shares of Pembina Pipeline from C$62.00 to C$57.00 in a research note on Wednesday, March 5th. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Raymond James boosted their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research note on Monday, March 3rd. Finally, TD Securities set a C$66.00 price objective on shares of Pembina Pipeline and gave the stock a “buy” rating in a report on Wednesday, January 15th.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Janet C. Loduca sold 5,338 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 the company’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 Price Performance

Pembina Pipeline stock opened at C$56.90 on Friday. Pembina Pipeline has a 12-month low of C$46.71 and a 12-month high of C$60.72. The stock has a market cap of C$32.89 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a current ratio of 0.65, a quick ratio of 0.50 and a debt-to-equity ratio of 78.68. The company has a fifty day simple moving average of C$53.51 and a 200-day simple moving average of C$55.25.

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.