Pembina Pipeline Co. (TSE:PPL) Given Average Recommendation of “Moderate Buy” by Analysts

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the firm, 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 12 month target price among analysts that have updated their coverage on the stock in the last year is C$59.31.

PPL has been the subject of several analyst reports. Barclays set a C$63.00 price target on shares of Pembina Pipeline and gave the company an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company lowered Pembina Pipeline from an “overweight” rating to an “equal weight” rating and reduced their price target 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 price objective on Pembina Pipeline and gave the company a “buy” rating in a research note on Wednesday, January 15th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, Raymond James increased their price target on shares of Pembina Pipeline from C$62.00 to C$63.00 in a research report on Monday, March 3rd.

Pembina Pipeline Trading Down 0.5 %

PPL stock opened at C$57.25 on Friday. The company has a market capitalization of C$33.10 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.58 and a beta of 1.48. The company has a debt-to-equity ratio of 78.68, a quick ratio of 0.50 and a current ratio of 0.65. Pembina Pipeline has a one year low of C$46.71 and a one year high of C$60.72. The company’s 50 day moving average price is C$53.70 and its two-hundred day moving average price is C$55.29.

Insiders Place Their Bets

In other Pembina Pipeline news, Senior Officer Chris Scherman purchased 797 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was bought at an average cost of C$54.05 per share, with a total value of C$43,077.85. Also, Senior Officer J. Scott Burrows acquired 12,087 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of C$54.05 per share, for a total transaction of C$653,302.35. 0.05% of the stock is currently owned by company 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.