Pembina Pipeline (TSE:PPL) Stock Rating Upgraded by Raymond James

Pembina Pipeline (TSE:PPL) (NYSE:PBA) was upgraded by Raymond James to a “moderate buy” rating in a research note issued to investors on Thursday, Zacks.com reports.

PPL has been the subject of a number of other reports. Jefferies Financial Group raised their price target on shares of Pembina Pipeline from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. UBS Group upgraded Pembina Pipeline to a “hold” rating in a report on Wednesday, September 11th. Citigroup increased their price objective on shares of Pembina Pipeline from C$53.00 to C$56.00 in a research note on Wednesday, August 28th. National Bankshares lifted their target price on Pembina Pipeline from C$53.00 to C$57.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Finally, CIBC upped their price objective on Pembina Pipeline from C$59.00 to C$60.00 in a research note on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of C$58.29.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at C$58.80 on Thursday. Pembina Pipeline has a 1 year low of C$41.16 and a 1 year high of C$58.93. The company has a debt-to-equity ratio of 77.50, a current ratio of 0.69 and a quick ratio of 0.50. The company has a market capitalization of C$34.12 billion, a P/E ratio of 18.04, a P/E/G ratio of 4.80 and a beta of 1.48. The business has a 50 day moving average of C$54.73 and a 200-day moving average of C$51.62.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its earnings results on Thursday, August 8th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.76 by C($0.01). The company had revenue of C$1.86 billion during the quarter, compared to the consensus estimate of C$1.99 billion. Pembina Pipeline had a net margin of 20.60% and a return on equity of 11.89%. On average, equities research analysts predict that Pembina Pipeline will post 3.3857479 earnings per share for the current year.

Insider Activity at Pembina Pipeline

In related news, Senior Officer Jaret Sprott sold 37,414 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of C$52.55, for a total value of C$1,965,933.60. In other Pembina Pipeline news, Senior Officer J. Scott Burrows sold 3,926 shares of Pembina Pipeline stock in a transaction that occurred 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 the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$52.55, for a total transaction of C$1,965,933.60. 0.05% of the stock is currently 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.