Pembina Pipeline (TSE:PPL) PT Raised to C$56.00

Pembina Pipeline (TSE:PPL) (NYSE:PBA) had its price objective upped by investment analysts at Citigroup from C$53.00 to C$56.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Citigroup’s price objective would suggest a potential upside of 4.85% from the company’s previous close.

A number of other research analysts have also recently issued reports on PPL. CIBC lifted their price objective on shares of Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Tudor Pickering & Holt lifted their target price on Pembina Pipeline from C$55.00 to C$56.00 in a research report on Friday, July 5th. Royal Bank of Canada increased their target price on shares of Pembina Pipeline from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. ATB Capital raised their target price on shares of Pembina Pipeline from C$56.00 to C$58.00 in a research report on Wednesday, July 24th. Finally, National Bankshares upped their price objective on Pembina Pipeline from C$53.00 to C$57.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average price target of C$56.62.

Pembina Pipeline Price Performance

PPL traded down C$0.64 on Wednesday, hitting C$53.41. 539,752 shares of the stock were exchanged, compared to its average volume of 2,666,172. The firm has a market capitalization of C$30.99 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 4.80 and a beta of 1.48. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. Pembina Pipeline has a 12 month low of C$38.79 and a 12 month high of C$54.60. The business has a 50-day moving average of C$51.83 and a two-hundred day moving average of C$49.60.

Insider Transactions at Pembina Pipeline

In related news, Senior Officer J. Scott Burrows sold 3,926 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$54.32, for a total transaction of C$213,251.68. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$54.32, for a total value of C$213,251.68. Also, Senior Officer Jaret Sprott sold 37,414 shares of Pembina Pipeline stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. Insiders sold a total of 70,374 shares of company stock worth $3,643,660 in the last quarter. 0.05% of the stock is currently owned by corporate 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.